Technical Capacity Building has remained a key area of focus for both established SACCOs and those that are still in their early stages of growth. Through continuous training and knowledge-sharing, SACCO leaders, staff, and members are being equipped with the tools and skills needed to run sustainable institutions that can deliver real value to their communities.
The areas of capacity building are broad and touch on the most critical functions of SACCO management and operations. These include strengthening governance structures to ensure transparency and accountability, enhancing financial literacy for both management teams and members, and improving awareness of compliance with regulatory frameworks that guide cooperative financial institutions.
In addition, SACCOs are being supported to adopt and adhere to performance standards that benchmark their operations against best practices, while also strengthening their approaches to risk management so they can anticipate, mitigate, and withstand financial and operational shocks. Another vital focus is digitization, where SACCOs are being guided to integrate technology into their service delivery, making transactions more efficient, transparent, and accessible to members.
Capacity building efforts also extend to credit management, ensuring that SACCOs can prudently handle loan portfolios, reduce default rates, and improve the overall financial health of the institution. Collectively, these initiatives are laying a strong foundation for SACCOs to grow, remain competitive, and continue serving their members with excellence.
