State four reasons why a teacher would choose to save with a SACCO rather than a commercial bank
ANSWER
- ease to save since each saving comes through checking off system
- easy to get loan. Processes are few and fast
- Interest on loans are relatively lower
- no security required for loans
- members savings is secure since its insured.
- incase of death loans are write-off and share doubled
- Saccos offer many loans.
