Livelihood among the rural and urban poor in East Africa continues to be a need that calls for attention. Poor communities struggle to get jobs from which they can earn a decent income to afford a meal, support their families, improve household status and take their children to school.
The CMMF methodology is an appropriate community based mechanism of promoting financial literacy. The practice of ploughing back part of profits saved in a particular round has ensured continuous growth of the saving and lending capacity. With the accumulated savings the groups have been forced to seek financial institutions to keep the excess funds in their possession, which has led to economic inclusion of members.
CMMF groups have led to social-economic empowerment of women in rural communities, they have facilitated creation of marketing and business networks where beneficiaries are using the saving group platform to market their products both within and out of the group.
small enterprises formed in 2016
People in rural areas empowered to save and invest through CMMF
members received training in Selection, Planing and management of income generating activities in 2016
trained teachers by 2019 including YITC
Poor People supported and empowered to improve their livelihood
savings balance in 2016