SACCOS in KENYA | What is a SACCO? | Benefits of Joining A SACCO | ONR

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  • SACCOS in KENYA | What is a SACCO? | Benefits of Joining A SACCO
    In this video, I share with you saccos in Kenya. We answer, what is a sacco? Benefits of joining a sacco, why join a sacco? What do saccos do? best saccos to join, so, watch till the end, so that you don't miss out on any useful tips.
    Let us know down below, what SACCO are you looking to join? Already joined a SACCO, let us know if you recommend it.
    📰📰📰📰⤵️⤵️⤵️
    Also, are you looking to get some of your burning questions answered on any of the topics mentioned on this channel? Kindly reach out to us on ONR's official number +254 729 481 245 and you shall be assisted. Please WhatsApp only, NO CALLS! You can also send us an email on olivevivien8@gmail.com or send us a direct message on Instagram @olive_nkirote.
    Ps. We offer a 30 minute strategy call for only $10 (Ksh 1000/=). Please inquire, ONLY if you are interested to sign up. Thank you.
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ความคิดเห็น • 128

  • @injirahkenny1963
    @injirahkenny1963 3 ปีที่แล้ว +12

    I must say, you have been very informative... Plus you also gave us other resources we can and do our own research on. For this you deserve a like and sub.
    Thank you for real

    • @olive_nkirote
      @olive_nkirote  3 ปีที่แล้ว

      Glad it was helpful! Yes...I like to share resources as well, so that we can all learn to plant and not just be fed. You're welcome Kenny. My pleasure.

  • @magdanjery2146
    @magdanjery2146 4 หลายเดือนก่อน +2

    Very well edited. Helps to understand well❤

    • @olive_nkirote
      @olive_nkirote  4 หลายเดือนก่อน

      Thanks a lot 😊

  • @selyne5115
    @selyne5115 ปีที่แล้ว +1

    What's stima Sacco key aim ??? I hope isn't to buy land ........My dad died without seeing that land claim by one of the Sacco out here.......

  • @selyne5115
    @selyne5115 ปีที่แล้ว +1

    If i Join next month (August )do i stand a chance to get the dividend next year????

    • @magdanjery2146
      @magdanjery2146 4 หลายเดือนก่อน

      yes. even after 6 months

  • @kingqueen5394
    @kingqueen5394 2 ปีที่แล้ว +4

    They say the difference between the wealthy and the poor, is that the wealthy had access to a type of information the poor didn't.
    I'm happy when I see people sharing this kind of knowledge. God bless you

    • @olive_nkirote
      @olive_nkirote  2 ปีที่แล้ว

      Yes, you are right. Knowledge is the thin line to that disparity. I am glad you love the channel and content.

  • @sicheicindy
    @sicheicindy 3 ปีที่แล้ว +5

    I'm addicted to your content... I would like you to do one about real estate and how to invest in it. Plus costs...

    • @olive_nkirote
      @olive_nkirote  3 ปีที่แล้ว +1

      I love the addiction. Will work on including it in our 2021 content plan.

  • @MrTishiwayne
    @MrTishiwayne 3 ปีที่แล้ว +6

    Dont know why nobody has mentioned how beautiful you are 😅😅❤

  • @esthermuthoni2765
    @esthermuthoni2765 2 ปีที่แล้ว +4

    Trying to join one now and im so grateful i got here

    • @olive_nkirote
      @olive_nkirote  2 ปีที่แล้ว

      I am happy. All the best girl.

  • @malkiadebbie
    @malkiadebbie 3 ปีที่แล้ว +5

    I had to come here bc the other video said I wouldn’t understand it if I don’t watch this😂♥️

    • @olive_nkirote
      @olive_nkirote  3 ปีที่แล้ว

      Facts no? Glad you started here first.

    • @acyjohns9485
      @acyjohns9485 2 ปีที่แล้ว

      Me too 😂❤️

  • @alexmwangi9481
    @alexmwangi9481 2 ปีที่แล้ว +4

    The humor you employ in your lecture has kept me engaged and glued here till the end of the video. (Plus, I have understood what a Sacco is).
    Great job Olive 😊

    • @olive_nkirote
      @olive_nkirote  2 ปีที่แล้ว +1

      Oh my! Alex. Thank you for your comment. I am equally excited and happy that you enjoyed the video and found value too. Means alot.

    • @alexmwangi9481
      @alexmwangi9481 2 ปีที่แล้ว

      @@olive_nkirote Thanks Olive. I forwarded this link to a friend of mine to watch because he's also looking for some info about Saccos.
      Thank you Olive. We appreciate your invaluable teachings.

  • @ziwafx8993
    @ziwafx8993 3 ปีที่แล้ว +1

    Hey plz I need your help am 22 years old and I have 30kshs which business can I start plz that can make me 1000kshs daily 🙏🙏

  • @cyrussensei7786
    @cyrussensei7786 2 ปีที่แล้ว +2

    Hello. Thanks so much for the information on Saccos. Looking forward to more of your eye opening videos on money and investments. I need more on Money Market Funds

    • @olive_nkirote
      @olive_nkirote  2 ปีที่แล้ว

      You are welcome. I believe I have a video on Money market funds that highlights the basics of it, but in the near future, I will consider a Part 2.

  • @emmanuelotieno1649
    @emmanuelotieno1649 2 หลายเดือนก่อน

    mentor sacco

  • @wanguimwangiofficial
    @wanguimwangiofficial 3 ปีที่แล้ว +3

    Well done, you quite articulate and informative and you are beautiful

    • @olive_nkirote
      @olive_nkirote  3 ปีที่แล้ว

      Glad it was helpful! Thanks.

  • @Habibtay
    @Habibtay 3 ปีที่แล้ว +8

    Thank you so much for shedding more light on this. My sacco is by my Catholic Church and my mom literally forced me to join it and now I thank her so much for it. The MAJOR thing I dislike about saccos is how I can't access my money until I exit or revoke my membership. I mean I'm trying to live a debt free life and I can do with my savings only... Why are you not giving me the option of getting my savings without kicking me out of the sacco.(Ps:You is the sacco)

    • @olive_nkirote
      @olive_nkirote  3 ปีที่แล้ว +4

      You're welcome. I am happy you joined it. However, from my research, SACCOS are best for saving if you intend to borrow, because ideally thanks to your savings, you'll be able to borrow your money and more. Anyway, SACCO rules stand by, if you want your savings back, its either you borrow against them or leave the SACCO. I believe the main point of that, is to keep money in the SACCO. Its tough but it helps people save forcefully :)

    • @LolaBugzy85
      @LolaBugzy85 2 ปีที่แล้ว +1

      Is it the Caritas one cs I think that's a micro finance

  • @hellenwere68
    @hellenwere68 11 หลายเดือนก่อน

    😊

  • @JacintaMurugi
    @JacintaMurugi 5 หลายเดือนก่อน

    Would like you to expound more on these areas,share capital account, savings account and non withdrawal account

    • @wealthwise247
      @wealthwise247 หลายเดือนก่อน

      To be a member of a Sacco you need to buy shares. Saccos set a minimum share purchase amount for instance Unaitas Sacco is 100. Mwalimu Sacco is 1,000 and Safaricom Sacco is 40,000.
      These shares are non refundable.
      Savings (FOSA) is like your ordinary bank account.
      Non Withdrawal account Savings; is the main scheme. This is refundable/accessible upon exit if the Sacco after 60 days notice.
      It's this amount the Sacco will apply it's multiplier to determine your loan limit.

  • @everlynmuendo9479
    @everlynmuendo9479 3 ปีที่แล้ว +3

    Thanks for the info! One of the most informative videos on saccos in kenya

    • @olive_nkirote
      @olive_nkirote  3 ปีที่แล้ว

      Thank you Everlyn. I appreciate the compliment.

  • @marysaituni4584
    @marysaituni4584 3 ปีที่แล้ว +3

    Hi, I would like to join Sacco but I don't know any members..

    • @olive_nkirote
      @olive_nkirote  3 ปีที่แล้ว

      Ask your close friends and family or colleagues as well, if they have SACCOS they have joined.

    • @swaywithmiya7939
      @swaywithmiya7939 3 ปีที่แล้ว

      Am working in Harambee Sacco you can reach out, it’s at Harambee Co-op Plaza. When at the building ask for Miya or call 0718919863

    • @millicentayangokunting3728
      @millicentayangokunting3728 2 ปีที่แล้ว

      @@swaywithmiya7939 hi..dear am milly? I have a quiz harambee sacco is good., after 6month joining u can take ur money.

  • @tracygathoni3307
    @tracygathoni3307 2 ปีที่แล้ว +5

    Thank you Olive...just what I needed...I have been meaning to join a Sacco but other than the information I have about saccos from high school business,I didn't really understand the gist...you have enlightened me in more ways than you can imagine...watching the part two immediately after this comment😃😃

    • @olive_nkirote
      @olive_nkirote  2 ปีที่แล้ว

      Thank you Tracy. I am happy the video came through for you. All the best in finding a SACCO best suited for your needs.

  • @Dama_Emuja
    @Dama_Emuja 2 ปีที่แล้ว +1

    They or some don't give 3 times.My experience...I was asked for security i.e logbook or title when i asked for a loan that exceed my 200k savings.
    For unsecured loan they will give you half of your savings.

    • @olive_nkirote
      @olive_nkirote  2 ปีที่แล้ว

      Thank you Damah for sharing your experience. It is true, not all adhere to the '3 times your savings' rule.

  • @Preneur_Gracefully_authentic
    @Preneur_Gracefully_authentic 3 ปีที่แล้ว +2

    Very helpful information, thanks Olive

  • @kenmulisa2519
    @kenmulisa2519 3 ปีที่แล้ว +3

    Very informative Olive. We’re learning 😁

    • @olive_nkirote
      @olive_nkirote  3 ปีที่แล้ว

      Thank you, and glad you are.

  • @GatbelNgunar
    @GatbelNgunar 7 หลายเดือนก่อน

    Thank you for letting me know about Sacco. Which sacco is the best to join?

    • @wealthwise247
      @wealthwise247 หลายเดือนก่อน

      Different Sacco's fit different people to choose a suitable Sacco check
      1. Minimum share contribution
      2. Minimum monthly contributions
      3. Loan products and deposit products
      4. Your social circle. You may need guarantors.
      and other important things

  • @Nyangara.
    @Nyangara. 3 ปีที่แล้ว +6

    Always looked for someone who can explain these things to me from a Kenyan perspective. You a literally my favourite youtuber at the moment ❤️
    Thankyou sm❤️

    • @olive_nkirote
      @olive_nkirote  3 ปีที่แล้ว +1

      Thank you Liz. I will take the crown even if it’s for a moment 😅.

    • @Nyangara.
      @Nyangara. 3 ปีที่แล้ว

      @@olive_nkirote 😂😂you are welcome 🤗❤️

  • @felixjunior6426
    @felixjunior6426 3 ปีที่แล้ว +3

    saccos are doing better than banks

  • @shamsodirshe7246
    @shamsodirshe7246 3 ปีที่แล้ว +1

    Hi, Olive I enjoyed your talk on SACCO.
    Do you know any Islamic SACCO,s that one can join pls

    • @olive_nkirote
      @olive_nkirote  3 ปีที่แล้ว

      Hey,
      Am not aware, but with research, google and calls, you'll find a couple. Better yet, ask your parents, aunts, they must know a couple and probably recommend from experience.

  • @jerryabade2789
    @jerryabade2789 3 ปีที่แล้ว +2

    Hi how can someone in diaspora join SACCO? Is there ways one can join online?

    • @olive_nkirote
      @olive_nkirote  3 ปีที่แล้ว +2

      Hey Jerry, reach out to the SACCO you'd like to join and ask them. They would give you the best response.

    • @jerryabade2789
      @jerryabade2789 3 ปีที่แล้ว

      @@olive_nkirote thanks 🙏

  • @dauglasjuma8907
    @dauglasjuma8907 2 ปีที่แล้ว +2

    That was educative olive. Thank you

    • @olive_nkirote
      @olive_nkirote  2 ปีที่แล้ว +1

      I am glad to be of assistance. Thanks for watching.

  • @andrewmoyo7389
    @andrewmoyo7389 3 ปีที่แล้ว +2

    Nice content as always... Merry Christmas 🎄

    • @olive_nkirote
      @olive_nkirote  3 ปีที่แล้ว

      Merry Christmas to you too. Thanks B

  • @lucysikolia9986
    @lucysikolia9986 ปีที่แล้ว +1

    Hello dear.
    Can I save like 50k once in a sacco then after some time I borrow a loan? Or it is a must that I save monthly?

    • @olive_nkirote
      @olive_nkirote  ปีที่แล้ว

      Depends on the SACCO you are a part of, but most need you to save for at least 3-6 months before borrowing.

    • @lucysikolia9986
      @lucysikolia9986 ปีที่แล้ว

      @@olive_nkirote thank you dear

  • @Otieno12
    @Otieno12 3 ปีที่แล้ว +2

    Stima Sacco, im in it, is it ok; but i dont contribute regularly - yo im a student.

    • @olive_nkirote
      @olive_nkirote  3 ปีที่แล้ว +2

      Try depositing the smallest amount you can. It will be of great value to you in a few years.

    • @Otieno12
      @Otieno12 3 ปีที่แล้ว

      @@olive_nkirote Thank you

  • @patrickodadi-dt8xd
    @patrickodadi-dt8xd ปีที่แล้ว

    u are very smart may i know where u vome from im sorry im out topics

  • @sharonmwendwa827
    @sharonmwendwa827 6 หลายเดือนก่อน +1

    Thanks for this great info Olive!

  • @elfuego9117
    @elfuego9117 3 ปีที่แล้ว +1

    As for my case i wish i can join one,,, problem is which is the best coz i tried stima but i didn't like it,,,, don't know maybe the customer service there wasn't explanatory enuf............. Plus the hustle of getting guarantors is the problem

    • @olive_nkirote
      @olive_nkirote  3 ปีที่แล้ว +2

      Research. Before joining your next one, do ample research and ask many questions. Also, start with people close to you. Ask the which SACCOs they are in. They have first hand experience.

    • @swaywithmiya7939
      @swaywithmiya7939 3 ปีที่แล้ว +1

      You can also try Harambee Sacco

  • @khymqym4863
    @khymqym4863 2 ปีที่แล้ว +1

    Just got kind of information I was looking for..thank you

  • @godisgreat3014
    @godisgreat3014 2 ปีที่แล้ว +1

    By far this is the best and most accurate basic info about SACCO

    • @olive_nkirote
      @olive_nkirote  2 ปีที่แล้ว +1

      I am glad it shared everything you needed to know. Thank you for the feedback. I appreciate it.

  • @wendynjuguna2155
    @wendynjuguna2155 3 ปีที่แล้ว +1

    Exactly what I was looking for, thanks a lot for this incredible video

  • @farmfarm1766
    @farmfarm1766 3 ปีที่แล้ว +2

    Am joining solution Sacco soon

    • @olive_nkirote
      @olive_nkirote  3 ปีที่แล้ว

      A step in the right direction.

  • @richarddaley7473
    @richarddaley7473 3 ปีที่แล้ว +1

    can i use u to import cuz its my first time and i dont wanna be scammed

    • @olive_nkirote
      @olive_nkirote  3 ปีที่แล้ว

      Hello, unfortunately no. I don't import on behalf of people, I just relay the information and you learn how to do it yourself.

  • @amoscheruiyot403
    @amoscheruiyot403 2 ปีที่แล้ว +1

    This is awesome, really. I got all the info I needed.

  • @faithfay5449
    @faithfay5449 3 ปีที่แล้ว +1

    What if I don't have someone who is the sacco and I need a loan

    • @olive_nkirote
      @olive_nkirote  3 ปีที่แล้ว +1

      That might prove to be difficult. SACCOs work on guarantors or you give them something to hold like a title deed or car log book to be given the loan.

  • @patrickodadi-dt8xd
    @patrickodadi-dt8xd ปีที่แล้ว +1

    olive u are good in this video keep up

  • @eddy.mmburu2984
    @eddy.mmburu2984 3 ปีที่แล้ว +1

    Great work Olive keep it 100.Will be waiting for part 2

    • @olive_nkirote
      @olive_nkirote  3 ปีที่แล้ว

      Thank you Eddy. Part 2 is live here th-cam.com/video/PPV6mVsld0c/w-d-xo.html

  • @ken8144
    @ken8144 3 ปีที่แล้ว +1

    Very informative. Has helped me a ton. Asanti sana

    • @olive_nkirote
      @olive_nkirote  3 ปีที่แล้ว

      Glad!! Happy to help and share always.

  • @Thee_sheerow
    @Thee_sheerow 2 ปีที่แล้ว +1

    Proud member off Ollin Sacco

    • @olive_nkirote
      @olive_nkirote  2 ปีที่แล้ว

      Ah nice...Congratulations.
      Where is it based?

  • @evelorena3961
    @evelorena3961 3 ปีที่แล้ว +1

    Hi dia nice video hw do u edit your video i love it

    • @olive_nkirote
      @olive_nkirote  3 ปีที่แล้ว

      I use, Wondershare Filmora. If you'd like it installed for you, let me know @olive_nkirote IG

  • @oumaeddy
    @oumaeddy 3 ปีที่แล้ว +1

    You have shed some light to, me nice presentation

  • @strawberry-soju
    @strawberry-soju 2 ปีที่แล้ว +1

    So there's no online saccos?

    • @olive_nkirote
      @olive_nkirote  ปีที่แล้ว

      Saving apps, yes. Online Saccos, not really!

  • @billyotieno4026
    @billyotieno4026 2 ปีที่แล้ว +1

    which sacco is the best Madam

    • @olive_nkirote
      @olive_nkirote  2 ปีที่แล้ว

      I don't know the 'best' per se. There are many good SACCOS, it's where you'll find guarantors or people to work with.

  • @emmanueloginga3014
    @emmanueloginga3014 ปีที่แล้ว +1

    Thanks for the research

  • @selyne5115
    @selyne5115 ปีที่แล้ว

    What's the key opportunity we stand the chance to enjoy........

    • @wealthwise247
      @wealthwise247 หลายเดือนก่อน

      Savings and Easy access to loans.
      Dividends in shares and Interest on your savings are complimentary.

  • @Bobby-wk4oc
    @Bobby-wk4oc 3 ปีที่แล้ว +1

    Thanks for the information olive

    • @olive_nkirote
      @olive_nkirote  3 ปีที่แล้ว

      You're welcome Bobby. I appreciate.

  • @puritybundi8204
    @puritybundi8204 3 ปีที่แล้ว +1

    Your hair is gorgeous ❤️

  • @AlexVice254
    @AlexVice254 3 ปีที่แล้ว +1

    Awesome content Olive. Keep it it up!

  • @daut89dauti
    @daut89dauti 3 ปีที่แล้ว +1

    Karibu Tower Sacco

    • @olive_nkirote
      @olive_nkirote  3 ปีที่แล้ว

      Thank you. Wacha nifanye research kwanza.

  • @rebeccaayallo4852
    @rebeccaayallo4852 2 ปีที่แล้ว +1

    Great info

  • @brianmunyokimuema5037
    @brianmunyokimuema5037 2 ปีที่แล้ว +1

    Great content

  • @dianakirui1478
    @dianakirui1478 3 ปีที่แล้ว +1

    Very informative.

    • @olive_nkirote
      @olive_nkirote  3 ปีที่แล้ว

      Yay! You came through. Thank you. Glad to hear.

  • @jeanpaulkyokya2341
    @jeanpaulkyokya2341 3 ปีที่แล้ว +1

    Thank you !

  • @najoliphilip9969
    @najoliphilip9969 2 ปีที่แล้ว +1

    Nice overview. How can someone reach you? Got an email, phone no. etc.

    • @olive_nkirote
      @olive_nkirote  2 ปีที่แล้ว

      Hello Philip,
      My email is always on the description box of every video. However, here it is - cryptoolly.onr@gmail.com