TO THOSE WHO ARE STILL ASLEEP Savings and earning cannot only happen when you put your money in a SACCO. In banks, we have savings account such as goal savings, target savings or the normal savings account where you can save till you expire. Once you save in such institutions, it doesn't mean that you won't earn anything from your savings because they are not SACCOs. The truth is your savings will earn you interest ranging between 7, 8, 9 per cent depending on your bank per annum. As you continue saving and earning interest, you are allowed to take loans and banks do not consider how much you have saved to offer a loan to you. They just need your payslip and off you start. Why should you be enticed with dividends of 12% pa annum only to end up receiving 5% of what was promised? If you save 300K in a bank, and at one time you need to do a project of 150k, do you really need to do a top up or to go for a loan from the bank or SACCO? Nooooo! Ingia Kwa savings account yako. Jikopeshe 150k from your 300k. Do your project Rudisha hio pesa every month kidogo kidogo as you would have done if it was a sacco loan. Your savings plus the interest you have repaid yourself will earn you good interest. Is this possible in a SACCO?.......Nooo! The They can't allow you to withdraw your shares ujikopeshe then ujilipe polepole na interest. They will tell you that if you do so, you will lack financial discipline and fail to return the amount you have taken. In other words, financial discipline refers to the ability and willingness of shareholders to be impoverished. Nijikute!