The role of informal microfinance institutions in saving

2.2.10.1: Advantages for the SACCOs by increasing participation of by
women increasing participation by women in the SACCOs is very advantageous
for the cooperative both socially and economically.
� Because women account for over 50% of the population and a high percentage of the
active population.
� Women are good ambassadors for the SACCOs first of all with their children, but also
because they are often
� Members of numerous groups that they influence positively.
� Women are generally loyal to their SACCOs, they are harder to attract but rarely leave.
� Women are generally considered to be good members; they are concerned with setting
money aside for hard times and normally do well in repaying their loans.
� Because the impact on the family situation and development is generally greater if one
does business with women.
Note: In summary, it can be said that increasing participation of by women is a good business
strategy for a SACCOs because it enable it to attain profitability more quickly and ensure its
growth.
2.2.10.2: Main constraints on women’s access to financial services:
However, to increase participation by women in their institutions, SACCOs should put in place
a special strategy to attract more women (developing new products, Offer adapted terms,
provide specific education etc.), which first of all, requires an understanding of the constraints
that currently prevent women from obtaining access to financial services.
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