Chamas, Saccos, mutual funds and treasury bills - where should I put my money?

Growing money

Before committing your hard-accrued savings into business, it is important to make sure that you have chosen the right business idea, have enough capital, a realistic market entry strategy and a definite market niche.

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What you need to know:

  • Saccos give depositors dividends at the end of each accounting year depending on the Sacco’s performance and amount invested.
  • Informal savings groups, popularly known as chamas, are also a key instrument in helping one foster a savings culture.

Job losses and pay cuts since the onset of the Covid-19 pandemic in March last year has seen a record number of individuals rush to start their own businesses in a quick survival race.


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