At the end of the program’s third quarter, participants saved a cumulative KES 1,128,905.00 (USD13,767), with loans totaling a remarkable KES 1,103,893.00 ($13,462), more than four times their reported cumulative savings (KES 258,900, or roughly USD3,000) at the end of the first quarter. At year’s end in 2014, the accumulated savings and the loan profits were “shared out,” or distributed back to members.
MCI introduced, financed and organized training for this program and fostered engagement and enthusiasm among participants and other community stakeholders, particularly for the use of mobile phones in recording data (“e-recording”) and making secure bank deposits.
The Manyatta GS&L program had a powerful influence on participants by rendering financial services accessible – for many group members, for the first time. Beneficiaries cited significant anticipated gains in their household incomes and made use of loans to expand their own businesses and provide for their families. Having demonstrated its advantages for participants and the community as a whole, MCI-Kisumu’s GS&L program will continue in Manyatta after MCI’s close– signaling a powerful program, indeed.
In October 2014, MCI-Accra Project Manager Joe Melara and our VOiCE colleagues helped install 20 community streetlights in Nima East, after touring the neighborhood together with the local Accra Metropolitan Assemblyman to determine where they should be placed. We are confident that the lights will contribute to residents’ improved sense of security, making it easier for girls and women to return home from school and work after dark.
Also in October 2014, with MCI’s support, VOiCE hosted a three-day ICT Training seminar for 20 Nima-Maamobi young women between the ages of 15 and 20, during which they learned the basics of word processing, typing, Internet browsing and creating PowerPoint presentations. At the end of the seminar, the girls received certificates of completion from Accra’s National Vocational Training Institute.