Give your money a plan
Write down your income and spending. Separate essentials from optional expenses. Choose a saving amount that still leaves room for basic needs.
MONEY, MADE CLEAR
A little knowledge.
A bigger step forward.
Simple tools and general guides to help you plan a goal and ask the right questions.
Understand the whole cost
Look at the total repayment, the term and how interest is calculated. Ask about insurance, processing charges and penalties.
Make group saving clear
Agree on contributions, timing, use of funds and who makes decisions. Make sure everyone understands how records are kept.
YOUR PLANNING TOOLS
Put a number on your goal.
Savings goal
See what you would need to save each month. Excludes interest and fees.
MONTHLY SAVING
Loan illustration
Reducing-balance interest with equal monthly repayments. Enter your own annual rate; it is not a SACCO quote.
MONTHLY REPAYMENT
Excludes processing fees, insurance and other charges. Actual totals can vary with rounding and repayment dates.
BEFORE YOU VISIT
Five questions to take with you.
- Which documents do I need?
- What is the full cost of the service?
- Which terms should I review?
- Where and when can I access the service?
- How can I follow up if I need help?
YOUR PLANNING DESK
See your money.
Plan your next move.
Estimate cash left at the end of a month. Include money you expect to receive, excluding sales that will remain unpaid.
MONEY IN EVERYDAY LIFE
Understand. Plan. Move forward.
01A sale is not always cash received.+
When a customer will pay later, record the amount owed and due date. Do not count it as money already available for new stock.
02Separate home and business money.+
Record money taken from the business for household needs. This helps you see whether working capital is falling even while sales continue.
03Plan for quieter months.+
A farmer may receive most income after harvest. Map the work and sales months, including what must be paid before harvest proceeds arrive.
04Give savings a name and a date.+
Write down what you are saving for, the amount needed and the time remaining. Use the savings calculator on this page to break down the target.
05A short daily record helps.+
Keep receipts. Record sales, payments, remaining stock and debts. These records help you explain your business when speaking with the SACCO.
06Discuss repayment difficulties early.+
If cash will arrive later than expected, review your agreement and contact the SACCO. Ask what options exist; any changes need written confirmation.
YOUR NEXT STEP