The Africa Saccotech Forum

Discover emerging trends in Cloud Computing and Cybersecurity

Savings and Credit Cooperative Organisations (SACCOs) are an essential part of the financial inclusion landscape in Africa. They serve a large segment of the population that is underserved by banks and other financial institutions, providing an alternative source of credit. Yet these organisations face many challenges - particularly in terms of cash flow management and liquidity management - this can lead to operational inefficiencies, higher costs, and overall poor service quality for members. In order to meet these needs, microfinance institutions have started adopting new technologies such as digital wallets or biometric authentication systems in order to provide their members with more convenient ways to access funds when needed.