7 June 2013

Kenya: Rachel Ruto Asks Women to Embrace Table Banking

DEPUTY President William Ruto's wife, Rachel, has asked women to embrace the table banking concept through which they can save and access loans for investment from their contributions.

Speaking to women's groups from Nairobi at the Huruma Social Hall, Rachel said the women will benefit from the interest they pay in form of bonus and dividends.

She said women across the country should form groups and make use of table banking concept in a bid to empower themselves and eradicate poverty.

"If there is anything I am completely passionate about,it must be when I see women and youth empowered economically so that we eradicate poverty. So youth and women should form groups so as to benefit from government,"she said.

She said the government through Poverty Eradication Commission launched the table banking system with the aim of helping women in rural areas access funds to start income generating activities.

Rachel said two pilot projects were initiated by the government in 1999 and improved in 2004 in Bondo and Gatanga which proved beyond reasonable doubt that it is the best way to help women groups prosper.

"Let us refuse to remain down economically for long,it is time we stand up and initiate income generating projects which can uplift our living standards," Rachel said.

"The more we prosper as women, the more we are going to help as many people as possible in the society," she added.

She said as government focuses on youth and women by empowering them economically to fight poverty and tame food insecurity, there is need for women and youth to organize themselves in groups and take advantage of the emerging financial innovations to complement efforts in uplifting their living standards.

Rachel urged the women groups across the country to participate in exchange programmes so that they can borrow ideas from each other on how to improve on their income generating activities.

"When you leave here, make sure you go home and put in practice what you have learnt from this meeting,visit other women groups in other counties to exchange ideas," she said.

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