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Women dominate saccos, parents enroll children.

Summary The membership of the Saccos stood at 4.9 million members including members of chamas last year. The Sacco subsector Demographic Study Report 2019 found that within the 36- to 50-year cohort, the female gender represents 31.45 percent (514,679) of total sacco membership compared to males at 28.74 percent (833,421). Sasra’s report also demystified the […]

7 terrible mistakes when borrowing a business loan.

Business loans are good. They can fuel your business in terms of operations and capital budgeting. But you have to prepare yourself and your company to get the money and make sure the business loan is right for you. Joanne MacKean, a Senior Account Manager at BDC in Winnipeg has loaned money to hundreds of […]

Want to create wealth? Stop overspending and start saving.

Financial experts say saving is the beginning of the road to creation of wealth. They add that a country of robust savers has high chances of significantly reducing poverty and building a firm foundation for economic take-off. The question then is; how is Kenya doing in as far as saving is concerned? The answer is […]

Easy ways to save money daily.

A wise man once said that when money realises that it is in good hands, it wants to stay and multiply in those hands. Are there ways that you could make yours stay longer? 1. Use the 50/20/30 rule: 50 per cent of net income goes to living expenses, 20 per cent goes to savings […]

Mastering the 50/20/30 principle of budgeting.

“A budget is telling your money where to go instead of wondering where it went,” Dave Ramsey. Putting together an effective budget is about knowing the full extent of your monthly expenses including your outstanding debt as well as how much you’re contributing towards savings and investments. You will need to gather together the following […]