(Tanzania Institute of Accountancy, 2019-06) Kasambala, Momole
Savings and Credit Cooperative Societies (SACCOS) are registered organization that are
formed to impart a saving spirit and extend loans to the members based on individual
requirement and society rules and regulations in relation to their savings. They are societies that mobilize savings and speed up investment by allowing its members to access loans and invest for income generation and thereby contributing to poverty reduction