Using a Sacco well

• Save consistently. Your borrowing power depends on your deposits.
• Borrow for things that grow your money or save you money, such as a business, land or school fees, not for daily spending.
• Be careful about guaranteeing other people's loans. If they don't pay, your deposits can be used to cover them.
• Attend the AGM, or at least read the reports. It is your co-operative.

Remember that your deposits are usually not easy to withdraw quickly, so keep your emergency fund somewhere you can reach.