A Sacco is a savings and credit co-operative owned by its members. You save regularly (your deposits), and you can usually borrow a multiple of your deposits at a lower rate than most lenders. Once a year, members may earn a dividend on share capital and interest on deposits.
Saccos that take deposits from members are licensed and supervised by SASRA. Before you join, check that the Sacco is on SASRA's list, read its by-laws, and ask about its last few years of dividends and how quickly members get loans.
Your next stepCheck SASRA's list of licensed Saccos →