Group members will make savings on a weekly basis in their unit meetings; and in the form of shares. The share value will be set by the trust. Once the share value is determined, members are allowed to buy the amount of shares they want. Members will buy shares per week voluntarily without any pressure but rather motivation from the Community Volunteer or Field Officers and with the knowledge that the size of the loan and level of dividends is determined by the number of shares one has. The shares bought will be recorded in both the trust journal, and individual member passbooks using a stamp pad and stamp symbol for the trust. Group members will be allowed to leave with the passbooks to their homes. However the trust journal will be kept in the lockable cash box and only accessed during the trust meetings.
Savings Group PolicyGroup Suport: To visit total of one hundred and sixty four (164) Trust Groups
OMC aim to facilitate support groups as part of monitoring, evaluation and learning while fostering awareness for sustainability and self management
Recruiting thirty-one(31) Community Volunteers
The utilization of community Volunteers has a profound impact on group formation and sensitization, as it alows for extension coverage of large areas while utilize minimal resources. This will result in an increase in client outreach. This expansion will result greater inclusion of individuals in financial matterrs, consequently fostering a culture of saving and entrepreneurial practices within the community
Support group leaders by training in leadership
One hundred and fifty (150) leaders will be trained
Trust Group Survey on Group Quality Evaluation and Learning
One hundred and sixty four(164) groups by the end of 2025
Women Empowerment
74% of the participants will be women as part of an initiative aimed at promoting financial inclusion.
Assess the skills that group have to self-manage and the impact of the savings groups
The assesment will be conducted for all existing groups 164TGs, and we believe that it will evaluate the groups' perfomance, financial management practices, decision making processes, and overall functionality
Support the creation of savings groups
Total of new sixty five (65) Trust group to be formed at the end of 2025 including thirty (30) youth-only trust groups and Thirty five (35) adult trust groups
Many great ideas remain dreams due to a lack of funding for youth in Tanzania. While many feel like they don't have enough money to save for the future,
Read MoreWomen are emerging as the Catalysts for Change in Trust group savings in Morogoro within the Anglican Church of Tanzania
Read MoreOn Construction.....