Savings ,loan and shares app Under the general principal of financial safety and soundness, the purpose of the SACCO is basically to improve the community welfare, by providing its members with:
1.Savings, deposits, and related financial services earning competitive rates of interest such as (7% per annum) and minimizing financial risks on such savings. 2.Loan services at cost allowing the society to cover its costs including legal reserves, for loan losses and other required reserves.