Group Savings Give the Opportunity to Meet Communities’ Financial Needs
In July 2012 about 106 Community Economic Development (CED) Msingi wa KAPESA savings club (Mwak) members have lent to their members an aggregate of 448,000Ksh (Kenyan Shillings) in microloans. The loans were given for a three month term. At the end of the third month, all clients successfully paid their loan on the agreed terms and time frame …