Author: cass_ru

We save, basically, because we can't predict the future. Saving money can help you become financially secure and provide a safety net in case of an emergency. Here are a few reasons why we save: Emergency cushion - This could be any number of things: a new roof for your house, out-of-pocket medical expenses, or sudden loss of income. You will need money set aside for these ...

Treasury seeks to protect Saccos offering banking services Only Savings and Credit Co-operative Societies licensed to take deposits from the public will be allowed to use the acronym Deposit Taking Sacco Society (DTS). This is to differentiate them from other Saccos and to provide legal restrictions for the usage of this acronym by other non-deposit taking Saccos. Presenting...

Financial Stability Report 2015 - Sacco Industry developments highlights The Sacco industry total assets grew by 12.17 per cent in 2015 with loans being the single largest balance sheet asset at 73.5 per cent. The Sacco Society Regulatory Authority (SASRA) renewed licenses for 181 deposit taking Sacco societies to operate in 2015. Thedeposit taking Sacco societies continue to...