- March 29, 2023
- 3 minutes read
5 Simple Reasons Why You Should Join Stima Sacco
It is more profitable to put your cash in a Sacco than in a bank savings account.
Saccos have increasingly become popular in Kenya. Millions of Kenyans are opting to invest in Saccos more than in any other avenue, taking the popularity of Saccos to another level.
Among the Saccos that have become popular in Stima Sacco. With a membership from across the country, Stima Sacco has been said to be one of the fastest-growing Sacco in Kenya in terms of the asset base.
Here are the 5 simple reasons why you should join Stima Sacco:
One of the reasons why people are joining Saccos is to receive dividends at the end of every financial year. In March this year, Stima Sacco declared a 15 percent dividend for its members, making it one of the highest dividends declared by Saccos in the country. Stima Sacco pays its dividends on time, after holding an annual general meeting.
Gone are days when one would physically visit Sacco premises to register as a member or to make contributions. Some Saccos in Kenya are still analog, but not Stima Sacco. Stima Sacco’s services are fully digitized. One can sign up to become a member, make contributions and have access to products such as loans.
Saccos in Kenya have been voted as the best avenues where members get access to affordable loans. The loans are so affordable that commercial banks cannot even come close. Stima Sacco is one such Sacco that gives members affordable loans with a convenient time to pay back.
High returns on investments
One of the most significant advantages of investing in a Sacco is the potential for high returns on investment. Saccos typically offer higher interest rates on deposits than traditional savings or money market accounts, making it a smart choice for individuals looking to grow their wealth. You may want to try out Stima Sacco’s interest in savings and see how it will turn out.
Encourage savings culture/habit
Being a Sacco member also encourages good savings habits. By committing to regular deposits, members can build their savings over time and reach their financial goals more quickly. This can be particularly beneficial for individuals who struggle with discipline regarding saving and investing. This is what Stima Sacco offers.