We strengthen the social capital nurtured in the savings groups by supporting them to form larger networks or establish savings and credit cooperatives by aggregating their resources to accumulate capital for impactful investments. We guide the groups in forming their new cooperative, helping them to set up everything from the technical and operational elements.
Effective cooperative leadership and governance is key; we work with members and the Management Committee to develop policies, register new members, ensure governance structures are transparent and democratic and there is accountability to members.
The new and bigger groups are supported to develop sound business systems and a business plan. They can then submit their proposal for a matching grant from the Shared Action Fund to invest in either value addition equipment or in an income generating project to benefit the members.
When savings groups form into larger cooperatives, they can truly leverage their resources together to benefit members in the most effective way and become powerful agents of change in shaping local politics and the economy.