Kenya Diaspora Deposits for Climate Solutions
Inviting SACCOs to Participate in a Climate-Linked Diaspora Deposit Pilot
The Kenya Diaspora Deposits for Climate Solutions Programme, led by WOCCU and partners, invites applications from licensed SACCOs interested in participating in a pilot initiative to unlock diaspora capital for climate in Kenya.
Programme Objectives
- Design and pilot climate-linked deposit products tailored for Kenyans living abroad, enabling them to invest in local climate solutions.
- Strengthen SACCO institutional capacity to manage diaspora deposits, comply with financial and digital requirements, and deliver climate-aligned financial services.
- Generate actionable insights and evidence to inform scale-up, learning, and replication across the sector.
Why Participate?
Participating SACCOs will receive targeted technical assistance in diaspora and climate finance. SACCOs will benefit from:
- Co-design and piloting support to develop diaspora deposit products investing in climate solutions (e.g. renewable energy, clean cooking, climate-smart agriculture, water management, waste management).
- Dedicated technical assistance in product development, digital systems, and climate finance.
- Capacity-building for your board, management, operations, products, and IT teams, with potential alignment to your SACCO’s long-term strategy.
- Insights and data to help your institution better segment diaspora members, monitor product performance, and attract additional deposits.
Project Timeline
Who Should Apply
This opportunity is open to Kenyan SACCOs that:
- Are registered and licensed by SASRA.
- Have at least KES 5 billion in total assets, unless the SACCO is explicitly focused on serving diaspora members.
- Have been assessed by SASRA as at least “fairly compliant” with prudential standards.
- Demonstrate KYC/AML compliance, especially with respect to remote account holders.
- Meet other selection criteria as outlined here in: Annex A.
Application Instructions
Interested SACCOs should complete the official application form and submit it, along with requested attachments, no later than July 30, 2025, using the following link: Submit Application Here.
Download the application form and complete the form here: Application Form
Shortlisted SACCOs will be invited to participate in interviews and institutional due diligence. Only a select number of SACCOs will be chosen for this pilot phase.
Only shortlisted SACCOs will be contacted.
Contact
For more information or clarification, please contact consult@woccu.org, with the subject line “WOCCU_Kenya Diaspora Deposits for Climate Solutions_2025”