Investment groups cure for poverty, experts say - News Summed Up

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Investment groups cure for poverty, experts say


By MWANGI MUIRURIMore by this AuthorSavings, credit and investment oriented self-help groups have widely been billed to be the panacea to financial insecurity and indebtedness especially among the lower and mid-level earners. According to an economist, former Maragua MP Elias Mbau, self-help groups link members to microfinance institutions. He says the country has not invested effort in educating Kenyans on how self-help groups work and how to make them sustainable. He adds that the government should develop policy guidelines on how to encourage, support and grow such groups. Deputy President William Ruto’s wife, Mrs Rachel Ruto who has been very active in bringing women together to found table banking groups says a lot has to be done to make self-help groups work.


Source: Daily Nation December 23, 2018 09:00 UTC



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