Saccos embrace digital loaning, boost revenue


People Daily | by Nicholas Waitathu

Savings and Credit Co-operative Organisations (Saccos) have for long been reluctant to embrace modern technology but matters appear to have changed drastically after the outbreak of the coronavirus disease.

The pandemic has prompted rapid adoption of new ways of doing business and interaction with customers.

Even though grappling with low demand for loans and delayed remittances, Saccos have registered remarkable performance in terms of online banking…

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