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.
Who regulates lending in the Philippines
Understanding who regulates lending in the Philippines helps to know who sets the rules in a system that affects households, entrepreneurs, and communities every day.
Are lenders evil for charging high interest rates?
The average lender today typically charges 4% — 10% per month (48% — 120% per year). Whoa. It makes you wonder how they recover loans at these rates. At first glance, it seems outrageous, even exploitative but there’s more to the story when you consider the risks and costs lenders face in Nigeria’s financial landscape.




