Question

Outline four benefits that Kamau would get for being a member of  SACCO.

Answer 1

1. Get loan at low interest rates
2. Few formalities to follow when getting a loan
3. Enjoy dividend from the profits of the sacco
4. In case of death the loan is written off
5. In case of death the beneficiaries receive double the savings he has
6. A variety of loans
7. Education through education days organized by the sacco
8. Savings are insured
9. Easy saving through checkoff system
10. Front office banking facilities