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Loan Guarantors in a Sacco Fear the Risk of Losing their Shares

The Dilemma of being a Loan Guarantor in a Sacco

Have you ever received a phone call asking you to tell someone you know to pay their loan? Why? Probably because you were their loan guarantor for a particular instance in your membership. Loan guarantors make the lending system in a Sacco possible. The essence of guarantors in a Sacco is to manage the risk by spreading it to several members. Being a guarantor is committing to protect Sacco’s assets...

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