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The Revolving fund:
The main objective of this program is to promote a saving culture and provide credit facilities aimed at creating personal wealth and poverty alleviation amongst our members. This programme targets both business people and those intending to start viable businesses. The people targetted are all involved in beacon of Hope either through the Support Group, vocational training centre, Home based care, Grandmothers’ and the Pre-school programs. Each group has a maximum of 25 active members. Members form into sub-groups of five members who serve as co-guarantors. These small groups within the main group are known as Solidarity Groups. It is however permitted to register a group with as low as five members so that they can start saving and introduce more members along the way. Member registartion fee is Kshs 50.00.$.under one dollar. This program subscribes to the principles of incubation and it prepares the beneficiaries to a level where they gain a credit threshold to secure loans. In cases where a beneficiary is able to manage and secure bigger loans they are free to join other financial institutions with reference from BOH. This means that there is a ceiling amount beyond which this program will not lend.
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