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Introduction: Understanding the Informal Space and its Importance in Africa In many countries around the world, the informal sector plays a significant role in their economies, often accounting for...
Savings and credit cooperatives in Kenya have been connecting millions of people to provide affordable financial services. These members are responsible to deposit savings and applying for loans as...
Financial services combined with affordable technologies and digital systems have expanded opportunities for millions of people in Africa. Many African countries are recognizing the importance of...
The savings and credit cooperative societies have made significant progress in money lending since their inception. They have been providing savings and credit services to their members, making...
Technology has been transforming businesses across the globe and there is no stop sign. Industries are witnessing innovation through technology that is changing their products, processes, and...
Financial fraud is a notable threat impacting the growth of SACCOs and cooperative societies in Kenya. There have been several cases of theft and misappropriation of funds in previous years.
COVID-19 brought substantial disruption in the finance sector in Kenya. Kenya’s GDP growth slowed down to -0.3% in 2020 – a record low since 2008. Banking operations and financial performance were...
Savings and Credit Cooperative Societies (SACCOS) have remained at the forefront of mobilizing savings for millions in Kenya. They have resulted in a huge impact on financial inclusion in Kenya,...
African economies are recognizing the importance of technology and speeding up the digitization process. Digital applications are driving socio-economic transformation, opening avenues for millions...
SACCOS in Kenya have always been considered as a mechanism to promote savings and credit services. They have contributed immensely towards the socio-economic development of farmers, workers, and...
We all know how the COVID-19 pandemic impacted the informal financial groups (IFGs). Mobility was restricted and social gatherings were prohibited. Many IFGs in Africa remained uncertain about...
Savings and credit cooperative societies (SACCOS) play a critical role in the socio-economic development in most African countries. Around 85% of cooperative societies have helped their members to...
