Focus: Business, Finance and Community.
The project is a micro finance project which was started in 2005 as a self-help group for 7 women running small quarry businesses in Nairobi. The lending services were officially separated from the Self-Help Group with the formation of the Credit and Savings society in mid 2008, at which point they had only 12 members.
By February 2009, it was officially recognized by the government of Kenya as a Savings and Credit Co-Operative (SACCO), and by June 2009 it has registered over 5000 members.
The project is very successful in the current market. Recruiting new members and deepening relationships with current clients is not an area of need. It is seeking support most of all to find ways to allow their operations to meet the seemingly endless demand.
To achieve this, the areas of operation that will require the most expansion include investments (of funds to use as loans), staff and staff training, equipment and technology, and policy improvement.
Costs & Benefits
The volunteer or a group of volunteers will be working Mondays to Friday with Saturdays being optional from 9am to 3 pm. The Micro finance project requires volunteers who will assist in the following one or several of the following areas:
- Microfinance policy and Operations
- Investor Relations and Fundraising
- Staff Training
- Product Assessment, Improvement and Development
- Client Marketing and Communications
Euros 100- Registration fee and Euros 300 Monthly
In country orientation and training
The volunteer must be able to speak English because it is the official language in Kenya and one is able to communicate effectively.
Volunteer must also be 18 years and above which is the legal age in Kenya as a adult for one to be involved as a volunteer.
World Corps Kenya
PO BOX 21428- 00505
Tel: +254 724 716634
Location: Nairobi, Kenya
Average cost per day: 10 Euros
Focus: Business, Finance and Community
Skills needed: Volunteers must be at least 18 years old