Observatoire des droits humains (anglais seulement)

Savings Societies a Growing Alternative to Banks in Kenya

(Version anglaise seulement)

Savings and credit cooperative societies, commonly known as SACCOS, are becoming increasingly popular in Kenya.They provide an alternative to banks for low-income earners who need financing. Taxi driver George Mokua said being a member of a SACCO helped him start his taxi business. For a long time, he said, he didn't have the confidence to approach a bank because he had not saved a substantial amount of money and had few assets. “The terms and conditions for getting a loan through a...

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