During quiet reflective moments, I sometimes wonder what will happen when I’m gone.
As I ponder, I realize that life will still go on. My eyes become misty and then it dawns on me that a legacy is a good thing to leave behind.
In the humanitarian world – some kind of impact and sustainable projects.
So when I received an invitation to attend an event by a village bank in Embu, I was stoked. Mostly because Kigumo FSA which was started by World Concern more than a decade ago, and supported for only 4 years, is not only still running, but growing fast on its own.
Kigumo FSA started out in a rented building, but the group has over the years managed to purchase a piece of land and rehabilitate a building on it, to establish their fully owned premises. Today, the FSA boasts of 1615 members, a share capital of Ksh 3 million ($ 30,000) and loan portfolio of Ksh 4 million shillings ($ 40,000)
Financial Services Associations (FSA) were introduced as a more sustainable intervention of World Concern’s Micro-Finance program. An FSA, or ‘village bank’, is a facility wholly owned by the local community through shares.
As I sat to write this post, I realized I had been invited for a party I didn’t deserve to be in – I was in high school when that project started!
World Concern helped birth something that would affect the lives of people who would come a decade later – like me, and possibly their children, even generations; and today Kigumo FSA is a testimony that communities can take charge of their own transformation when properly facilitated.
Some photos from the July 25, 2015 event, below.
FSAs started by World Concern in remote parts of Embu and Narok have become extremely pivotal.
They enable families access mainstream banking services right in their villages: they save money, access normal and emergency loans, have 3rd party member & non-member cheques cleared, access bankers’ cheques as well as mobile money transfer services.