Sacco Loans have become a growing trend as the most sought-after source of external finance or credit for many individuals, Youth Groups, Chamaas and SMEs alike. Whereas banks traditionally have been often been heavily relied to fulfill start-up, cash flow and investment needs; the requirements to secure credit have posed a significant challenge to SME's and entrepreneurs in particular. This broad concern labelled " credit constraints" presents an opportunity for Saccos to play their role as an "alternative credit provider" broadening the finance options thorough a wide variety of affordable sacco loans.

 Types of Sacco Loans in Kenya Include:

Business Loans (Micro Credit Loans)

Working Capital, like tech talent, is in high demand.  Every business deserves to be in control of its capital and as such this type of sacco loan product from Saccos allows every business owner to optimize their cash flow, fuel their growth and seize new opportunities.

Asset Financing Loans

Purchases of land, machinery, vehicles are such a long-term commitment from which many have lost their life savings on deals gone bad, scrupulous land brokers in a hunt to get it "cheaper." Saccos in Kenya are willing to engage their members in their pursuit to own land, machinery such as tractors or even vehicles.

Other types of sacco loans include: Business loans, Asset Financing loans, Agribusiness loans, School Fees loans, Mobile loans, Home ownership (Makao), Salary Advance & Pension loans

For a wide range of businesses seeking to access finance or credit, Sacco Loans will prove to be an effective source. The various types of sacco loans are specifically designed to meet your finance requirements and way more affordable comparison to Banks and their Mobile lender applications. Saccos offers genuine and hassle-free money whenever they may need it most.

Here’s a list of my Top 3 Suggested Saccos in Kenya.

1. Tai Sacco Society Ltd – A leading Deposit taking Savings and Credit Society with over 28 years of operation in Kenya. Its membership comprises of: civil servants, dairy farmers, tea farmers, coffee farmers, horticultural and floricultural farmers, the business community and transport industry.
2. Palscity Sacco – Kenya’s leading Digital Paperless Sacco
3. Nation DT – Sacco - A Deposit Taking Sacco (DTS), Licensed and Regulated by the Sacco Society Regulatory Authority (SASRA).