1. Registration and Licensing

   • Ensure the SACCO is registered with relevant authorities.

2. Reputation and Track Record

   • Research the SACCO's history and member reviews.

3. Services Offered

   • Check the range of services (savings, loans, etc.) and their terms.

4. Interest Rates

   • Compare interest rates on loans and dividends on savings.

5. Fees and Charges

   • Review any membership fees, withdrawal fees, or other charges.

6. Member Benefits

   • Look for additional services like insurance or financial advice.

7. Governance and Management

   • Investigate the management team and their qualifications.

8. Transparency

   • Ensure the SACCO provides clear information about operations, fees, and fund management.

9. Accessibility

   • Consider the convenience of branch locations and online services.

10. Membership Requirements

    • Understand the criteria for joining and maintaining membership.

11. Participation in Decision-Making

    • Check if members can participate in decision-making processes.

12. Dividend Policy

    • Familiarize yourself with how dividends are calculated and distributed.

13. Loan Approval Process

    • Assess the efficiency of the loan application and approval process.

14. Financial Stability

    • Review financial statements for signs of stability and growth.

15. Community Focus

    • Determine if the SACCO supports local development and community initiatives.

By keeping these tips in mind, you can make an informed decision when selecting a SACCO that best meets your needs.