Few days ago i had a sleepless night thinking what can i do to mitigate the extreme unemployment challenge especial among youth in Tanzania. I had a meeting with some of my friend in Dar-es Salaam concern new way of doing business in a (cooperative business model). I was so much encouraged by the positive attitude and support i get from them concern the business model that i proposed. We agreed together to start the business soon. We hope to bring a positive changes in the country economy and become the model for other young Tanzania who wish real success. We are strong believe in cooperation and ready for changes through this new (cooperative business model). We have being facing a challenge on how to put our idea into practice. Never the less we never give up easily i promised them to work on it. As per now i can't express my joy to find helpful information's concerning the same idea that. I'm glad to share with you this great news. If you support the idea lets joining our hand together for economic revolution in Tanzania. "We have the solution for our own problems"
Rebecca Story's Small savings, big development is the motto of Koboko United Cooperative, a savings and credit co-operative (SACCO) in northern Uganda, an area that is still recovering from the effects civil war. One of the best SACCOs in the West Nile region, its nine employees serve 2780 members.
Established in 2003, Koboko SACCO is addressing rural poverty by offering affordable credit to co-op members like Rebecca Aorih, a young orphan and single mother of three. Without parents or a husband to help her, Rebecca was subsisting on her income from cassava farming but was at a loss as to how she could improve her circumstances. She wanted to build a house for herself and her family, but as interest rates at Ugandan banks can reach as high as 30 per cent, she wasn’t sure how to access funds. Then a friend introduced her to Koboko SACCO, which has helped Rebecca and in many ways has been her sole support. Through a series of loans from the SACCO, Rebecca has been able to buy bricks in stages and lay them herself to build her home, which she plans to complete with electricity. With the co-op’s support she has also been able to pay school fees for her children—private education is important to Ugandans as the public school system is notoriously overcrowded and underfunded.
Koboko SACCO offers its members dividends, transparency, education, and low or no fees. It is centrally located and closely connected to the community, both in terms of language and because the staff does field visits. As a result, it is able to offer loans based on character, and at its two-day AGM, an entire day is devoted to financial literacy for members.
Nearly 80 per cent of Ugandans are small-scale agricultural producers like Rebecca. Local SACCOs like Koboko help these rural farmers through loans for buying land, seeds, milling machines and ploughs, building houses or paying school fees.
Many farmers also belong to rural producer co-ops that offer training in crop diversification, efficient land use and alternatives to growing crops, such as fish farming. And local marketing co-ops offer these farmers valuable services like storing and bulking, which is important in a country with poor infrastructure that might otherwise prevent a buyer from travelling any distance to purchase a small crop.
Koboko SACCO is one of many co-operatives that participate in the Integrated Finance and Agriculture Production Initiative, a joint initiative of the Uganda Co-operative Alliance and the Canadian Co-operative Association. This initiative directly benefits nearly 30,000 people, of whom 40 per cent are female, by focusing on capacity-building, production and productivity increases, and increased access to financial services. This integrated approach to rural development is being successfully replicated in Rwanda, Malawi and Ghana.
CCA supports international partners like UCA through training, coaching, short-term financial support, business strengthening and governance programs. With CCA’s guidance and support, its partners in Africa, Asia and the Americas are strengthening their businesses, creating stronger networks, and working with government to create legislation that will allow co-operatives to thrive, so that these co-ops can then continue to help people like Rebecca Lets share!!!
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Few days ago i had a sleepless night thinking what can i do to mitigate the extreme unemployment challenge especial among youth in Tanzania. I had a meeting with some of my friend in Dar-es Salaam concern new way of doing business in a (cooperative business model). I was so much encouraged by the positive attitude and support i get from them concern the business model that i proposed. We agreed together to start the business soon. We hope to bring a positive changes in the country economy and become the model for other young Tanzania who wish real success. We are strong believe in cooperation and ready for changes through this new (cooperative business model).
We have being facing a challenge on how to put our idea into practice.
Never the less we never give up easily i promised them to work on it. As per now i can't express my joy to find helpful information's concerning the same idea that.
I'm glad to share with you this great news. If you support the idea lets joining our hand together for economic revolution in Tanzania.
"We have the solution for our own problems"
Rebecca Story's
Small savings, big development is the motto of Koboko United Cooperative, a savings and credit co-operative (SACCO) in northern Uganda, an area that is still recovering from the effects civil war. One of the best SACCOs in the West Nile region, its nine employees serve 2780 members.
Established in 2003, Koboko SACCO is addressing rural poverty by offering affordable credit to co-op members like Rebecca Aorih, a young orphan and single mother of three. Without parents or a husband to help her, Rebecca was subsisting on her income from cassava farming but was at a loss as to how she could improve her circumstances. She wanted to build a house for herself and her family, but as interest rates at Ugandan banks can reach as high as 30 per cent, she wasn’t sure how to access funds. Then a friend introduced her to Koboko SACCO, which has helped Rebecca and in many ways has been her sole support. Through a series of loans from the SACCO, Rebecca has been able to buy bricks in stages and lay them herself to build her home, which she plans to complete with electricity. With the co-op’s support she has also been able to pay school fees for her children—private education is important to Ugandans as the public school system is notoriously overcrowded and underfunded.
Koboko SACCO offers its members dividends, transparency, education, and low or no fees. It is centrally located and closely connected to the community, both in terms of language and because the staff does field visits. As a result, it is able to offer loans based on character, and at its two-day AGM, an entire day is devoted to financial literacy for members.
Nearly 80 per cent of Ugandans are small-scale agricultural producers like Rebecca. Local SACCOs like Koboko help these rural farmers through loans for buying land, seeds, milling machines and ploughs, building houses or paying school fees.
Many farmers also belong to rural producer co-ops that offer training in crop diversification, efficient land use and alternatives to growing crops, such as fish farming. And local marketing co-ops offer these farmers valuable services like storing and bulking, which is important in a country with poor infrastructure that might otherwise prevent a buyer from travelling any distance to purchase a small crop.
Koboko SACCO is one of many co-operatives that participate in the Integrated Finance and Agriculture Production Initiative, a joint initiative of the Uganda Co-operative Alliance and the Canadian Co-operative Association. This initiative directly benefits nearly 30,000 people, of whom 40 per cent are female, by focusing on capacity-building, production and productivity increases, and increased access to financial services. This integrated approach to rural development is being successfully replicated in Rwanda, Malawi and Ghana.
CCA supports international partners like UCA through training, coaching, short-term financial support, business strengthening and governance programs. With CCA’s guidance and support, its partners in Africa, Asia and the Americas are strengthening their businesses, creating stronger networks, and working with government to create legislation that will allow co-operatives to thrive, so that these co-ops can then continue to help people like Rebecca
Lets share!!!
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