Madison, WI—Thanks to generous support from the international credit union system, 40 savings and credit co-operative (SACCO, or credit union) managers and board members will benefit from more than US$40,000 in scholarships to attend the Strathmore-WOCCU African Management Institute (SWAMI) this year in Nairobi, Kenya.
World Council of Credit Unions (WOCCU) and Strathmore University in Nairobi developed SWAMI, an intensive three-tiered accreditation program, to train SACCO managers, aspiring managers and board members on financial management, products and services, policies and procedures and governance to enhance their abilities to operate and oversee their SACCOs. SWAMI graduates are on the front lines of increasing access to safe and affordable financial services for the underserved throughout Africa.
“Our objectives for 2007 were to streamline the scholarship policies and procedures and to reach our fundraising goal for scholarships, enabling more people to participate in SWAMI,” shared Catherine Ford, WOCCU-CDP manager. “I’m happy to say that we’ve been able to achieve both.”
The following seven credit unions and foundations have made SWAMI tuition and travel scholarships possible in 2007:
The Louisiana Credit Union League (LCUL) also assists with curriculum development and marketing, and volunteers from LCUL and the Pennsylvania Credit Union Association (PCUA) instruct SWAMI courses. Anne Cochran, LCUL CEO, and Rick Myxter, PCUA assistant vice president, serve on the SWAMI scholarship committee. The United States Agency for International Development provides funding for SWAMI through the Cooperative Development Program.
In just over two years, 68 SACCO professionals from across the continent have graduated from the SWAMI program and returned to their financial institutions with invaluable knowledge and new connections to strengthen the viability and services of their SACCOs.
Henock Chakhaza, Sunbird Tourism SACCO (Malawi) general manager and 2006 SWAMI graduate, explained how his Irish League of Credit Unions scholarship made a difference last year. “It was a great gift to be awarded a scholarship to attend SWAMI at the esteemed Strathmore University,” he said. “The board of directors has more confidence in my presentations now because they know I am a more qualified member of staff, and I am now able to analyze my SACCO using the internationally recognized PEARLS Financial Monitoring System.”
SACCO professionals interested in attending SWAMI classes, June 11-16, 2007, in Nairobi, Kenya, should visit www.woccu.org/meetings/swami to learn more about the program. For more information on obtaining a tuition or travel scholarship, email scholarship@w occu.org.
Individuals or organizations interested in sponsoring a SWAMI student can contact Valerie Breunig, Worldwide Foundation for Credit Unions manager, email@example.com rg.
El Consejo Mundial de Cooperativas de Ahorro y Crédito es la asociación gremial y agencia de desarrollo para el sistema internacional de cooperativas de ahorro y crédito. El Consejo Mundial promueve el crecimiento sustentable de las cooperativas de ahorro y crédito y otras cooperativas financieras en todo el mundo a fin de facultar a las personas para que mejoren su calidad de vida a través del acceso a servicios financieros asequibles y de alta calidad. El Consejo Mundial realiza esfuerzos de defensa activa en representación del sistema global de las cooperativas de ahorro y crédito ante organizaciones internacionales y trabaja con gobiernos nacionales para mejorar la legislación y la regulación. Sus programas de asistencia técnica introducen nuevas herramientas y tecnologías para fortalecer el desempeño financiero de las cooperativas de ahorro y crédito y profundizar su alcance comunitario.
El Consejo Mundial ha implementado 290 programas de asistencia técnica en 71 países. A nivel mundial, 56,000 cooperativas de ahorro y crédito en 101 países atienden a 200 millones de personas. Obtenga más información sobre el impacto global del Consejo Mundial en www.woccu.org.