About Our Company

A Savings and Credit Cooperative (SACCO) is a member-owned financial institution that provides a platform for individuals to save money and access affordable credit. These cooperatives are built on the principles of mutual help, self-reliance, and democratic control, where each member has an equal say in decision-making regardless of their level of savings. Members contribute regular savings to the cooperative, which are then pooled together and used to offer low-interest loans to those in need. The interest earned on these loans is used to cover administrative costs, and any surplus is distributed back to the members as dividends. SACCOs promote a culture of saving and responsible borrowing among their members and are especially beneficial for people who may not have access to traditional banking services. By operating on trust and community participation, savings and credit cooperatives play a vital role in financial inclusion and community development.