Banking –Having savings is an important step in everyone’s life either working or not.
It is a wrong perception for some individuals to think saving money is a preserve of a few working class men and women. It is wrong. Anything you earn must be saved a portion. This ensures you are safe during any rainy day.
To begin with, every organization in the country is required to have a stuff savings plan. Fortunately, many top organizations have this arrangements where employees would volunteer to save some cash every month. This comes with benefits including when there is an emergency and school fee crisis.
A spot check with many companies around the country has confirmed that they have this important money plan. For instance, Nation Media Group has one for its employees same to Standard Group and many other top level organisations.
According to Terryanne Chebet – former media personality – she joined Nation Sacco based in Nairobi. She divulged in her recent interview that this Sacco has savings packages which can allow one to save monthly, exclusively for school fees or holiday. One can also save to invest in its share capital where it gives 15 percent returns on shares and 8 percent on member deposits.
Loan programmes are also available under different terms and conditions. For example, loans exceeding repayment period of one year are fully guaranteed by non-withdrawal of deposits.
Other notable Saccos in the country include Stima, Afya, Kenya Police, Bandari, Safaricom and Kimisitu Saccos.
