Planning the Future
Who We Are
Mogotio social – Economic WOMEN Empowerment Organization Is a CBO registered under Social Services vide registration No.646/2018 to empower women Economically and socially through table banking among others products.
The organization was registered on
28th Sep 2018. The broad objective of the organization is offer a secure opportunity for group members to accumulate
saving/deposit hence create a source for affordable credit financial services to group member and the unbanked women in the community.
Motto
“Empowering Women, Transforming Communities”
Vision
To create a world where every woman has the opportunity, support, and resources to achieve her full potential, thereby fostering inclusive, thriving communities.
Mission
Our mission is to empower women through education, advocacy, and community-building, enabling them to achieve financial independence and become leaders, thereby transforming communities and fostering a more equitable society.
What We Offer
Our Approach
Short-Term Advances
Target – Established groups who are members of MOSEWO and require short term to meet immediate obligations Features:
- Repayment period is monthly
- Attract an interest rate of 10%
- Members in a group qualify for two times his or her saving
- Appreciation fee of Ksh. 10 is charged
Long-Term Loans
Target – Established groups who are members of MOSEWO who require long term credit to
meet their long-term obligations features:
- Applicants are the groups who later lend to
its members. - Repayment period is between 3 months and one year
- Attract an interest rate of 10% P.A.
- Group qualifies three times(3X) the group saving for at least 6 months
- Upon qualification 2% processing fee is charged
- Security of the loan must be guaranteed by the members
Water Tank Loans
Target – Established groups who are members of MOSEWO
Features
- Applicant must be group member vetted in a group that he/she is capable
- The applicant must pay a deposit of 20% the tank cost
- Repayment period is 6 month- 12 months
- Tank capacity is between 1,000 litres to 5,000 litres
- Interest rate is 10% P.A
- Security of the tank loan must be guaranteed by group officials, guardian or spouse
How to Join us
REGISTRATION REQUIREMENTS
- Registered/Organized women group of between 10-15 members who will pay Kshs. 100 as a registration fee to MOSEWO
- Must be resident in Mogotio constituency
- Must purchase/buy passbook of Kshs. 100 to record his/her monthly saving and other transactions
- Contribute monthly insurance fee of Kshs. 20
- Contribute monthly savings of a minimum of Ksh.100
Scope
It is focused at giving opportunity to small scale business persons and farmers to access saving and credit facilities
Potential
Enhance business potential growth and development
Sustainability
To economically empower the community to be self reliant
Empowerment
To promote women to prosper
Our Intentions
What is Our Target
We target low and medium income earners
organized women groups in the community