Kenyan women encouraged to switch to "table banking"

Jan 30, 2014

The wife of Kenya's Deputy President has encouraged women in the Nyeri region to embrace "table banking", a concept that encourages women to form groups to boost their savings and investments.

The wife of Kenya's Deputy President has encouraged women in the Nyeri region to embrace "table banking", a concept that encourages women to form groups to boost their savings and investments.

Rachel Ruto said that through this initiative, women can save and access loans for investments from their small contributions. She urged them to form groups and make use of table banking to empower themselves and eradicate poverty, The Star reports.

Kenya's government launched the table banking project through the Poverty Eradication Commission with the aim of helping rural women access their own funds to start income generating activities.

Mrs Ruto said in October last year that the concept has grown from a revolving fund of Sh6 million (€50,000) in 1999 to the current Sh400 million (€3.4 million).

The
initiative
is currently being supported by Joyful Women (JOYWO),
which is a non-governmental organization.ADNFCR-2976-ID-801688030-ADNFCR