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Advantages of Savings and credit co-operative societies

Answer Text:
Advantages of SACCOs
-They charge low interest on loans to members.
-They allow reasonable repayment period for loans.
-They earn dividends on shares invested in the SACCO.
-Only a few requirements are needed to get loans from them.
-they invest on behalf of the members.
-They educate members on how to invest and on general financial literacy.