SACCOs
Savings and Credit Co-operative Societies are community membership-based financial institutions formed and owned by their members in promotion of their economic interests through mobilization of their savings to offer financial services such as provision of loans to themselves as members.
SACCOs are regulated financial institutions where members contribute a minimum monthly amount, which remains inaccessible except when taken as a loan or upon withdrawal from the SACCO. Eclectics International has consistently supported SACCOs by offering innovative digital financial solutions that enhance member engagement through personalized banking services. These solutions allow members to perform financial transactions conveniently from their mobile devices, anytime and anywhere, with real-time account updates and reconciliation. The rapid adoption of digital channels among SACCOs has driven investments across all sizes, enabling them to meet the evolving needs of their members.