Global Give Back Circle unveils Sacco to boost financial literacy among women

ANTHONY MELLY AND AGNES CHEPKOPUS-KNA 

The Global Give Back Circle (GGBC) Organization has launched a Savings and Credit Cooperative (Sacco) to enhance financial literacy among pastoral women in West Pokot County. Named “Her Financial Freedom Sacco,” it aims to empower these women financially. 

The initiative, led by Caro line Menach, the Director of Perur Ray of Hope and Com munity Lead of the Global Give Back Circle in the County, seeks to address the challenges faced by women, including the impacts of climate change, financial constraints, and a lack of educational resources. 

Menach emphasized that the Sacco is designed to bridge the gaps in access to loans and knowledge about business ventures for rural women, enabling them to achieve greater independence. 

She disclosed that the Her Financial Freedom pro gram has so far registered 650 members, with plans to recruit even more participants. 

She encouraged local women to join in order to benefit from the resources and training offered by the program. 

Menach said the primary goal of the Sacco is to positively transform the lives has received support from donor Suze Orman, an advocate for financial freedom for women in the USA and beyond.

She contributed USD50,000 to help establish the Sacco for rural women who are unbanked in West Pokot County through development initiatives and inculcating saving. 

She announced that the cooperative has started with a foundational fund of USD 50,000, which will be avail able for loans at the favour able interest rates tailored to meet the needs of the members and promote the financial security and growth of their savings. 

‘‘The Sacco launch represents a significant step towards empowering rural women in West Pokot, equipping them with knowledge and resources necessary for financial stability and growth,’’ Menach said.

Linda Lockhart, the Chief Executive Officer and Founder of Global Give Back Circle, announced that women in West Pokot County have joined a Savings and Credit Cooperative (Sacco) that will transform their lives for good. 

She said the initiative Ms. Lockhart explained that from the total USD30,000 is designated for small business loans to assist women who have previously engaged in small businesses.