Get premium membership and access questions with answers, video lessons as well as revision papers.
(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
- Why would a bank prefer a landscape type of office?(Solved)
Explain why a bank would prefer a landscape type of office.
Date posted: July 19, 2017. Answers (1)
- What are the canons of taxation?(Solved)
List the canons of taxation.
Date posted: July 19, 2017. Answers (1)
- Habib intends to insure his motor vehicle with The CIC Insurance company.
What procedure would he follow to take the policy?(Solved)
Outline the procedure that Habib would follow to take the above policy.
Date posted: July 19, 2017. Answers (1)
- What measures is the state putting in place to bring sanity in the matatu transport sector in Kenya?(Solved)
Give measures that the state is putting in place to bring sanity in the matatu transport sector in Kenya.
Date posted: July 19, 2017. Answers (1)
- What are the monetary measures taken by the Central Bank to solve the problem of demand pull inflation?(Solved)
List the monetary measures taken by the Central Bank to solve the problem of demand pull inflation.
Date posted: July 19, 2017. Answers (1)
- What should be the components of a policy to address the widespread unemployment?(Solved)
Highlight the components of a policy to address the widespread unemployment.
Date posted: July 19, 2017. Answers (1)
- What is the difference between bill of exchange and promissory note?(Solved)
List the difference between bill of exchange and promissory note.
Date posted: July 18, 2017. Answers (1)
- Why may a manufacturing firm offer after sale services to its consumers?(Solved)
Highlight reasons why a manufacturing firm may offer after sale services to its consumers.
Date posted: July 18, 2017. Answers (1)
- Under what circumstances may land discourage the location of firms?(Solved)
Give ways under which land may discourage the location of firms.
Date posted: July 18, 2017. Answers (1)
- What are the barriers to international trade imposed by government?(Solved)
Identify barriers to international trade imposed by government.
Date posted: July 18, 2017. Answers (1)
- In what ways would a firm acquire dominance of a market?(Solved)
List ways in which a firm would acquire dominance of a market.
Date posted: July 18, 2017. Answers (1)
- Why do the governments draw their development plans?(Solved)
Give reasons why the governments draw their development plans.
Date posted: July 18, 2017. Answers (1)
- In which ways does the government participate in training businessmen in the country?(Solved)
Give ways in which the government participates in training businessmen in the country.
Date posted: July 18, 2017. Answers (1)
- What measures can be adopted to correct the balance of payment deficit?(Solved)
Explain measures that can be adopted to correct the balance of payment deficit.
Date posted: July 18, 2017. Answers (1)
- What are the uses of national statistics?(Solved)
Describe the uses of national statistics.
Date posted: July 18, 2017. Answers (1)
- What office etiquettes are expected of an office worker?(Solved)
Mention the office etiquettes expected of an office worker.
Date posted: July 18, 2017. Answers (1)
- Why would you prefer buying goods from the supermarket instead of the kiosk?(Solved)
Explain why you would prefer buying goods from the supermarket instead of the kiosk.
Date posted: July 17, 2017. Answers (1)
- What are the features of a co-operative society?(Solved)
Give the features of a co-operative society.
Date posted: July 17, 2017. Answers (1)
- What factors affect the productivity of an office worker?(Solved)
Highlight the factors that affect the productivity of an office worker.
Date posted: July 17, 2017. Answers (1)
- What are the uses of a proforma invoice?(Solved)
List the uses of a proforma invoice.
Date posted: July 17, 2017. Answers (1)