An article appearing in the March 13, 2013 issue of Credit Union Times Magazine features the new Marifiki Credit Union to be launched in July.
African CU for Orphans
Americans frequently lend a helping-hand to orphans in Africa by building hospitals, houses and schools, but it’s not often that the children are given a credit union.
In July 2013, the first credit union–Marafiki SACCO–located in the tiny village of Nderi Town in Kenya is scheduled to open in a former pigpen. Ken Muriithi, the Credit Union CEO, is himself an orphan from Nderi Town.
“It is the first [credit union] for Rafiki Children’s Center targeting HIV/AIDS orphans with the goal of empowering them after the death of their loved ones,” said Rev. John Nganga. “We have other SACCO’s in Kenya, but no one has targeted this population.”
Click here to read the full article.