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HOPE OF FAMILY | Empowering Futures: 100 New Beneficiaries Take Charge of Their Financial Independence

We are Equivalency Determination (ED) certified by NGOsource

Empowering Futures: 100 New Beneficiaries Take Charge of Their Financial Independence

  • November 08th, 2024

𝐓𝐡𝐞𝐲 𝐚𝐫𝐞 𝐫𝐞𝐚𝐝𝐲 𝐭𝐨 𝐬𝐚𝐯𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞𝐢𝐫 𝐟𝐮𝐭𝐮𝐫𝐞 𝐥𝐢𝐯𝐞𝐬!

We’re thrilled to celebrate the progress of our 100 new beneficiaries, who have just completed their financial literacy training! With newfound knowledge, they are now equipped to take charge of their financial futures, having been organized into five savings and credit groups.

As a next step, each group has received essential tools, including secure metal boxes for storing group documents and funds before depositing them in local microfinance (SACCO) accounts. Every member also received a personal savings and credit booklet, allowing them to track their shares, monitor their savings, and measure their growth over time.

Our approach is simple yet powerful: by grouping beneficiaries into Savings and Credit Groups, we provide a sustainable pathway to financial independence. Through these groups, each individual gains access to affordable credit, enabling them to launch their own income-generating activities.


To further strengthen their financial foundation, Hope of Family also provides financial assistance to boost their savings via these groups.
Since our founding, this initiative has brought together 900+ beneficiaries in 43 savings and credit groups, creating a strong foundation for sustainable financial empowerment, and this number continues to grow!

 

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