Societies (SACCO) in Eldoret on Tuesday, October 9, 2012 at 2 p.m. at the Sirikwa Hotel.
The Minister for Cooperative Development and Marketing, Hon. Joseph W.N. Nyagah and USAID's Youth Advisor, Dr. Roger Steinkamp, will preside over the occasion and will issue registration certificates to the County Youth Bunge SACCO Cooperative Management Committees. This NYBA-managed SACCO initiative aims to motivate youth to form economic-oriented
self-help groups and by doing so further the Government of Kenya's progress towards Vision 2030. The SACCOs will explore linkages with the public and private sectors, as well as donor agencies.
Yes Youth Can, the largest USAID-supported program in the world, works in 25 of Kenya's 47 counties and has enabled more than one million youth in 20,000 villages to organize themselves into the National Youth Bunge Association, a system of village- and county-level bunges, or parliaments. Youth bunges are registered as self-help groups with the Ministry of Gender & Social Development. The program provides support for the economic development of Kenya's youth in their communities such as jobs, community service, responsible leadership, investments, and
partnerships. NYBA leaders are elected democratically beginning at the village level.
The NYBA approached the Ministry of Cooperative Development and Marketing and USAID to help them form county SACCOs with the goal of serving all the youth and youth groups that are members of a village bunge network. The county bunge SACCOs will not only be a safe place for youth savings but a source of loans for its bunge members. The SACCOs will also seek to explore and attract private and public sector investment capital. The NYBA leadership emphasized that these SACCOs will be controlled, managed and driven by youth. The ultimate goal will
be to organize a National Youth Co-operative (NACO) to serve the county-level SACCOs.
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