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Saccos key lifeline for new ventures Tuesday February 09 2021 Summary Many saccos such as Nation Sacco are open to the public including firms, chamas (business clubs), partnerships and individuals. In fact, small enterprises do not need to struggle to establish their own sacco to empower their employees. They can join as a cluster and have their contribution remitted through check off. In October last year when most businesses were in distress and yearning for economy to reopen after Covid-19 pandemic disruption I approached my bank for financing. After a month of waiting for results I got a regret. My relationship manager pleading with me to understand that no sane financier would put money in such a sector as education when schools were closed and reopening remained uncertain. She promised to review my application when schools and economy is back to normal.