WOCCU Launches Seventh SWAMI Session in Partnership with Strathmore University
SWAMI Tier 3 students, who will graduate this weekend with a Certified
SACCO Professional (CSP) designation, gain insights during a class on
NAIROBI, Kenya – The World Council of Credit
Unions (WOCCU) on Nov. 5 launched the seventh Strathmore-WOCCU African Management
Institute (SWAMI) for 63 students from nine
African nations. The 13-month program, patterned
after the Southeast Regional Credit Union School, provides three tiers of learning to its
students, 30 of whom will graduate at the close of
this week-long session.
“SWAMI is a very international program with
students coming from many African countries to
complete the course,” said Dr. Ruth Kiraka,
director of the Institute of Continuing Education
at Strathmore University of Nairobi, the host
institution for SWAMI since its founding in 2004.
“This is a sign that the curriculum and teaching
is attractive to SACCO managers and board members
both within Kenya and throughout the African
SACCO is an acronym often associated with Savings
and Credit Co-operatives, the name by which
African credit unions are known. Pending
legislation in Kenya may make SWAMI certification
required for individuals who want to manage the
country’s SACCOs, Kiraka said.
SWAMI Tier 2 students study WOCCU's PEARLS financial monitoring system.
SWAMI, developed by WOCCU, Strathmore University
and the Louisiana Credit Union League, is designed
to prepare SACCO management staff, aspiring
managers and board members to handle the
challenges SACCOs face in today’s changing
environment. SWAMI students who successfully
complete all three tiers of the program graduate
with a Certified SACCO Professional (CSP)
designation and many of the skills needed to help
their credit unions grow.
“On the basis of Tier 1’s marketing course, I have
been able to increase membership at my SACCO by
15%,” said Shadreck Mutti, a Tier 2 SWAMI student
from Zambia Air Force SACCO. “That growth has
provided sufficient savings to enable the SACCO to
meet member loan demands for the first time.”
In addition to Kenya and Zambia, SWAMI this year
has attracted students from Botswana, Ghana,
Malawi, Seychelles, South Africa, Swaziland and
Uganda. When this year’s event ends this weekend,
19 of the 30 graduates will receive the CSP
designation for completing the managers course. In
addition, 11 SACCO board members will complete the
SWAMI board leadership program.
Nearly $40,000 in scholarship support was provided
to this year’s attendees thanks to funding from a
variety of WOCCU supporters. WOCCU’s Cooperative
Development Program, which implements SWAMI
together with its partner organizations, is
supported by funds from the U.S. Agency for
International Development (USAID).
World Council of Credit Unions is the global trade association and development agency for credit unions. World Council promotes the sustainable development of credit unions and other financial cooperatives around the world to empower people through access to high quality and affordable financial services. World Council advocates on behalf of the global credit union system before international organizations and works with national governments to improve legislation and regulation. Its technical assistance programs introduce new tools and technologies to strengthen credit unions' financial performance and increase their outreach.
World Council has implemented more than 290 technical assistance programs in 71 countries. Worldwide, 51,000 credit unions in 100 countries serve 196 million people. Learn more about World Council's impact around the world at www.woccu.org.
Contact: Mike Muckian
Organization: World Council of Credit Unions