Chama for Education Cost: Success Story
Using the Chama model and the sample saving plan for education cost, where family save 5% of their weekly income for the education cost,Impertimus rolled out a digital saving platform to a woman -group of 10 with children in primary school.
The saving plan was a successful pilot that proved parents could manage their financial resources and meet future transition cost of their children to secondary schools when due.
Meet Josephine Juma, one of our beneficiaries who has now joined St. Lawrence’s Nzui Girls, after scoring 341 marks in her K.C.P.E exams 2019.
Prior to that, her mother Clemence Kilelu, joined our Chama for education, followed our saving plan to save money for her transition cost to secondary school. The amount she had saved plus the little loan we gave her enabled her to do school shopping and cater for transport for Josephine to join secondary school.
These are the efforts parents can start to educate their Children.