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Why your Sacco struggles to refund your money

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The main reason for delayed settlement of claims for refund of savings and deposits of members within the prescribed time, is perennial liquidity challenge. [iStockphoto]

Like a marriage that has gone sour, and there are no more words filled with sweet nothings to persuade you to stay longer; so is akin to a the relationship between a disgruntled member and a savings and cooperative society when they want to quit.

It becomes a fight, similar to a bitter divorce where the sacco always appears to have more leverage over the member, despite there being a law on how such a separation should be done.

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