The financial sector in Kenya is booming with the advent and success of SACCOs. One of the biggest reasons behind why SACCO’s are successful, is that they takes the advantage of the strength and trust of a local community. SACCOs have seen immense success in the African continent due to two reasons. First, the convenience that it provides to its member. Second, its business model is built on the foundation of local communities.
In Kenya, SACCOs have around 14 million members with more than Sh732 billion in deposits and more than Sh 1 trillion in assets. Likewise in Uganda, there are more than 16,500 co-operative societies registered in the country.
Related Keywords
Kenya , Uganda , Ethiopia , Kenyan , Dhimant Shah , , Craft Silicon , Artificial Intelligence , Digital Transformation , Innovation , Saccotech , கேந்ய , உகந்த , எத்தியோப்பியா , கெந்யந் , திமண்ட் ஷா , கைவினை சிலிக்கான் , செயற்கை உளவுத்துறை ,
comparemela.com © 2020. All Rights Reserved.