Skip to content Skip to footer

The Sparkassenstuftung Foundation-ACCOSCA Capacity Development & Financial Education Project

Date : 2019

The German Sparkassenstuftung East Africa (DSIK) is a non-profit organization that recently started its operations in Kenya. In a bid to expand its operations in Eastern Africa, Sparkassen Foundation have partnered with ACCOSCA, the umbrella organization of national apex bodies of Savings and Credit Cooperatives in Africa, to effectively and sustainably promote financial inclusion in Kenya.

The overall goal of the Capacity Development and Financial Education project is to support ACCOSCA in its long-term efforts to empower SACCOs in Africa.

objectives accosca

Project Objectives

Project Commencement

The project officially commenced in December 2019 and is intended in its initial phase to run till 2021.

Project Overview

The project has since seen the successful training of over 20 Trainers of Trainers (ToTs) for its Business Games, highly interactive training workshops for entrepreneurs that equips participants with basic economic knowledge of all influencing factors and understanding of the meaning of entrepreneurial thinking and acting. These trainers have since trained a total of 91 SACCO members.

The project has also successfully commissioned a baseline survey report that was put together after a survey done across Kenya, which was initiated to determine the current financial literacy levels amongst SACCO members in Kenya. The findings of the survey act as a point of reference to inform Sparkassen Foundation and ACCOSCA on the implementation content of the contextualized capacity-building initiatives for SACCOs.