(i) Saccos offer several types of loans while commercial banks offer one type of loan.
(ii) Sacco loans are insured by CIS while commercial banks loans are not insured.
(iii) No collaterals are required by Saccos while commercial banks require collaterals.
(iv) Saccos charge low interest rates while commercial banks charge high interest rates.
(v) Saccos offer sense of ownership to members which is not there in commercial banks.
maurice.mutuku answered the question on July 19, 2017 at 06:13
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