By pushing the «banking frontier» further down the poverty line, access to financial services for smallholder farmers and micro-entrepreneurs increases, thereby boosting their economic activities. With their own savings and microloans, target groups can respond better to income fluctuations, protect themselves against crisis situations such as illness and crop failure, and build up their entrepreneurial skills. The programme is implementing innovative financial products tailored to the needs of the disadvantaged population groups. Beneficiaries’ incomes and their quality of life are improving significantly. Additionally, the programme is building the skills of the financial services workforce, thereby improving professionality and diversity within that sector.
The programme also acts as a competence centre, offering financial service advice to other projects within the region that target smallholders, MSMEs, youth in TVET and housing cooperatives.
Programme Objectives 2017-2020
- 11 200 smallholder farmers (nearly 50% women) will access financial services.
- 900 smallholder farmers will benefit from innovative finance products; warehouse receipts, micro-insurance and contract farming arrangements.
- 1 400 microfinance specialists will acquire market-relevant skills and be certified. 980 of these specialists will be employed or engaged in the financial sector.
⇒ By learning skills in finance and gaining access to financial services, 70% of beneficiaries will increase their incomes.
- Development of community savings and lending groups. This programme provides an entry point for financial literacy and access to financial products and services. Community members are organised into groups called Mavuno and provided with essential training and linkages to formal financial institutions.
- Development of Microfinance Institutions (MFIs)/Savings and Credit Cooperative Societies (SACCOs). The programme supports the improvement of institutional systems, processes and staff skills with the view of improving service delivery. With enhanced capacities, the supported MFIs/SACCOs are able to deepen awareness and offer tailored quality financial products and services to the beneficiary groups.
- Promotion of access to productive assets. The programme supports partner capacity building to develop microleasing products and offers training to businesses to encourage the acquisition and use of productive assets to expand activities, increase net incomes and create additional jobs. Learn more about microleasing.
- Development of micro-finance skills. The programme seeks to deepen access to finance by bolstering human resource in the microfinance sector with the appropriate knowledge and skills to develop suitable products and services for the financially excluded. Through this, practitioners will gain increased expertise around developing and marketing quality products and services for the financially excluded, thereby deepening access to microfinance.
- Innovating and testing new financial products and services. Swisscontact helps to develop and deploy innovative products and services to improve business efficiency and effectiveness, increase incomes and resilience and reduce costs: warehouse receipt system, micro-insurance, contract farming.
1. Savings and Credit Cooperatives/Microfinance Institutions (MFIs)
- Century Microfinance
- Wananchi SACCO
- Kilimo Services SACCO
- Pwani Tuinuane SACCO
- Home Business SACCO
- Sunrays SACCO
- Nabosa SACCO
- Meru Herbs Rural SACCO
- Tubeamoi SACCO
- Same Kaya SACCO
- Kwakyai Rural SACCO
- National MF Bank Tanzania
- Siraji SACCO
- Ganga Ward Cereal, Horticulture Small Scale Growers and Marketing
- Purity Mango Farmers’ Cooperative Society
2. Housing Cooperatives
- Nabosa Housing Cooperative
- Kibwezi Housing Cooperative
- North Kaputei Women Cooperative
3. Marketing Cooperatives
- Chawampyo Agricultural Marketing Cooperative Society
- Dakawa Agricultural Marketing Cooperative Society
- The Ketchup Project - Netherlands
5. Insurance Institutions
- The Cooperative Insurance Company of Kenya Limited (CIC)
- Jubilee Insurance
- UAP Insurance
6. Education Institutions
- The Co-operative University of Kenya
- Mount Kenya University
- Machakos University
7. Public Institutions
- Department of co-operative development and Marketing
- Ministry of Sports, Culture and Heritage.
8. Service Providers
- Chamasoft Ltd.
- Community- Based Trainers
- Automation Champions
- National Cooperative Housing Union (NACHU)
- Association of Microfinance Institutions (AMFI Kenya)
- Kenya Bankers Association (KBA)
- Sacco Societies Regulatory Authority (SASRA)