The United States Government through its Agency for International Development (USAID) launched the Kefeta National Youth Saving and Credit Cooperatives (SACCO) on September 5, a youth-led, youth-managed and youth-owned financial institution that will provide financial solutions friendly to young people and will support young entrepreneurs. The launch took place during the two-day Youth Development Learning Forum held September 5 and 6 at the Skylight Hotel. 

Kefeta’s SACCO mobilizes savings and provides access to affordable credit to assist the economic well-being of young people with a creative mix of youth-tailored financial products. The National SACCO puts their member’s interest first and provides a level of service generally unavailable to young people at other financial institutions. (Press release)