Investing through a SACCO

[capri]

Although they are generally not in the limelight when it comes to investing, Savings and Credit Cooperative Organizations (SACCOs) have provided individuals the world over with tried and tested avenues to investing for many years. One important benefit of choosing to invest in a SACCO is the fact that these entities provide higher interest rates, as compared to institutions like banks, for example.
I would like to know what your experience with SACCOs has been. Kindly share so that the team here can benefit from your insights.

 

[Bisolami]

Although they are generally not in the limelight when it comes to investing, Savings and Credit Cooperative Organizations (SACCOs) have provided individuals the world over with tried and tested avenues to investing for many years. One important benefit of choosing to invest in a SACCO is the fact that these entities provide higher interest rates, as compared to institutions like banks, for example.
I would like to know what your experience with SACCOs has been. Kindly share so that the team here can benefit from your insights.

Do we even know if those organizations are legit. I just think that there may be some forces under the organizations or some fake ones which will just be fond of scamming people

 

[Rubz]

I have never had any experience with the savings and credit cooperative organizations. I do not also know anyone who have had any experience with them and so, i do not know how they operate.

 

[riberet19]

It's the first time I've heard about these organizations, and I didn't know anything about them, but it has made me curious and I'm going to investigate about it and see if they are legitimate.

 

[Authenticity101]

SACCOS are a great platform to invest in. They provide so much safety for your money unlike investing in methods that could scam you. Though you should also be careful as scammers have found a way to pretend to be SACCOS.