Model SACCO savings growth: contributions, dividend rate, loan capacity, and how your SACCO compares to a commercial bank savings account.
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SACCO Savings & Benefits Calculator
Total SACCO Savings at Maturity
Total Contributions
Total Dividends Earned
Loan Capacity
Bank Savings (Equivalent)
SACCO Advantage
Loan Interest Savings
SACCO loan capacity is based on your total savings x the multiplier. The interest rate on SACCO loans is typically much lower than commercial bank loans, making SACCOs especially powerful for accessing affordable credit.
Frequently Asked Questions
What is a SACCO?
A SACCO (Savings and Credit Cooperative Organization) is a member-owned financial institution that accepts savings deposits and provides loans to members, typically at lower interest rates than commercial banks. Kenya has Africa's most mature SACCO sector with over 10,000 registered SACCOs managing billions in assets.
How much can I borrow from a SACCO?
Most SACCOs allow you to borrow 2-3x your savings deposits. Some deposit-taking SACCOs offer up to 4x. In Kenya, SACCOs typically offer emergency loans (1x savings) and development loans (3x savings). The longer you save and the more you contribute, the higher your loan capacity.
Are SACCOs regulated in Africa?
Yes. In Kenya, SACCOs are regulated by SASRA (SACCO Societies Regulatory Authority). In Uganda by MSCL. In Ghana cooperatives by the Department of Cooperatives. Deposit-taking SACCOs are generally safer than non-deposit-taking ones. Check if your SACCO is regulated before joining.