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 Form 2 Business Studies: Forms of business units lessons

Disadvantages of Savings and credit co-operative societies

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Answer Text:
Disadvantages of SACCOs
-Loan defaulting by some members.
-Inadequate management skills leading to mismanagement of SACCOs
-Inadequate funds making it impossible to meet members needs
-Stiff competition from banks and micro-finances in provision of loans.
-Poor investment decisions as members are not well informed.


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