A savings group in Marangu pumped out 6.4 billion shillings in loans since launching back in 2007, and the manager says they went from 6 million in startup cash to over 234 million without borrowing from outside sources. UVIMA Saccos serves more than a thousand members, and their shares jumped from 7 million to 160 million while assets hit 830 million. The chairman mentioned members used the money for school fees, farming gear, livestock projects, and housing upgrades.
The woman who started the whole thing said she built it because regular banks wouldn't touch small-scale farmers, and she's hyped that the co-op is still crushing it. Leadership wants to keep expanding the loan program to boost rural economies and help more people access financial services they couldn't get before.
The woman who started the whole thing said she built it because regular banks wouldn't touch small-scale farmers, and she's hyped that the co-op is still crushing it. Leadership wants to keep expanding the loan program to boost rural economies and help more people access financial services they couldn't get before.
