Nice Read

[Henry Tebajjukira]

Dear friends,

Please find an extract from the article at the bottom, it offers great insights into how we can better run our SACCO. Please read the article to the very end

"........other approaches, including mobile money and “graduation” programmes, which give livestock to indigent people and teach them how to take care of them..............."

"IFMR Lead, a research organisation based in India, is now testing an even more flexible loan. In conjunction with Sonata, it is offering a few hundred people microloans with two three-month “holidays”. Borrowers will still have to pay something each month, but much less than usual. So far, about a third of borrowers offered these loans have taken them up, even though they carry a slightly higher interest rate. Encouragingly, the more competent entrepreneurs seem keenest on them......................"

http://www.economist.com/news/international/21708258-microlending-booming-once-again-if-it-help-people-out-poverty-though-it

​Best,

Henry​

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