Frequently Asked Questions about SACCOs
FAQs

Frequently Asked Questions about SACCOs

This FAQ aims to answer the questions you encounter most when working with SACCOs, whether you are assessing credit risk, designing lending products, advising on tech integrations, or evaluating partnerships.

What is the Credit Guarantee Scheme (CGS)
Industry Information

What is the Credit Guarantee Scheme (CGS)

By covering part of the risk, the Credit Guarantee Scheme makes it easier for banks to offer better loan terms; larger amounts, longer timelines, and lower collateral requirements.

What are the legal consequences of failed direct debit due to insufficient funds?
Lender information

What are the legal consequences of failed direct debit due to insufficient funds?

Today, we’ll look at the legal implications of failed direct debits in three very different places: Nigeria, the UK, and Dubai. Each country handles the situation differently, and the differences might surprise you.