Borrowing from a SACCO
Savings multiples, guarantors and dividends
The story
Mama Wairimu has saved KES 50,000 in her SACCO over five years. Now she wants a loan to expand her tailoring shop.
The big idea
Many SACCOs let members borrow a multiple of what they’ve saved, for example up to 3 times their savings. The more you save, the more you can borrow.
Ask at home
If anyone in the family belongs to a SACCO or chama, talk about how borrowing and guarantors work there.
The full lesson, with its questions and Kesho Stars, is in the myKesho kids app.
Ready for tomorrow.
Start this week. Their first payday can be this Friday.
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