I know this has been discussed here before, but I may have missed the thread (s) since I could not relate by that time. However, I have resolved to save this year so that I can build capital for investments. I realized late last year that I will never become rich from my small salary and this is the first step I want to make as I look to grow and not be complacent. So please Talkers help me with your suggestions on the best Sacco(s) that I can join nianze kusave vizuri from this month.
Also @Ice_Cube you can point me to the threads where this has been discussed. Thanks.
Brother I’ll ask a question and it might sound silly but it might help somehow . You want to join sacco to get loan ama you want to join one to reap growth and dividends .
Different people have different reasons for joining saccos
I realized that if I save and meet my target for the year, it won’t be enough for me to start something tangible. So mainly I need a sacco that I can join so that I may get a loan that will enable me actualize my plans sooner since responsibilities are kicking in fast and I can’t wait for my savings to grow to the desired level.
Stima sacco or safariCom sacco .
Well if you want one that don’t give loans but have a high returns I’ll recommend Stima sacco investment sacco or safariCom investment sacco. best of luck
Funnily enough I’m in a small company, I prefer to call it a start up. The stuff I’m doing here doesn’t match my profession. I’m in a Consultancy, it’s quite an isolated practice.
Assuming you have some property/properties somewhere which can act as a collateral, wouldn’t it be faster to get a secured loan from a bank to finance your venture?
Alternatively if you are salaried and you company has a salary scheme with the bank, just walk in a grab your self a loan and start the venture now
Just believe in yourself and give it a shot, you have nothing to lose, at least you will know you tried, worst thing that you can do to yourself is living everyday wondering what would have been the outcome if you had tried.
I talked to the branch manager of my sacco and he explained that they have reservations. Guarantors can only guarantee you up to a certain amount. People take loans and leave, and all the burden is left to the guarantors.
To avoid a such scenarios my sacco can guarantee you upto 500k ukiwa na guarantors. If you need more than that, take some tangible stuff worth that amount ka logbook, title deed ama you guarantee with your business assets.