Blue Future Project Establishes and Empowers Chicoma Community Savings and Credit Association to Promote Local Financial Education

Share

“On March 1st, 2024, the Chicoma Community Savings and Credit Association took a significant step towards the economic and financial empowerment of the community. Under the Blue Future project, and with the guidance and moderation of AMA and ADPP technicians, the association participated in a comprehensive training session at the Matibane Administrative Post.

During the training, the 27 participants, including 15 women and 7 men, were guided through the fundamental principles of establishing a savings association, as well as effective saving and lending techniques. Topics covered included group rules and statutes, strategies for saving and borrowing responsibly, and proper use of individual passbooks.

“”By empowering our local savings and credit association, we are investing in the financial future of our community,”” said one of the participants. “”We look forward to implementing what we learned today and seeing tangible benefits for our families and neighbors.””

The training session reflects the commitment of the Blue Future project to promoting livelihood alternatives in communities through financial education and local economic development. With a total of 27 participating members, the association is poised to become a catalyst for positive changes in financial management and access to credit for local residents. Ten more communities will benefit from similar training sessions.”

Related articles