THere is a current money scheme going on in the village of Ugenya called the revolving fund. it was started by 10 women who are retired Teachers who have come up with a way of creating money through serious hard work and strict saving habits.
This women after trying out this scheme on their own have discovered that it is possiible for it to work out in large scale . THis is the reason why they have started a community bank.
Their pilot project was started 6 months ago with a community based organisation of women in small scale business. THe scheme appears to be complicate but simple after some training.
the women are supposed to same an amuount starting form 1000 shillings per week bepening on your turn over in your business. The project managers offer services such as helping the women doc**ent thier businesses and also training in a simple software where they can input their information on thier business on a daily basis. THey have to contribute this money and also Every year they have to come up with a project that they have to implement within the year because the loan that they have to take must be put in good Use.So far 10 women have some up with brilliant ideas and are currently implementing them. Check out the photo!!
One of the women has joined up with one of the biggest solar energy producers and is currently marketign the solar panels and making great sales
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