In 2015 while working with rural schools in Lwengo District and Lyantonde district, our co-founders realised most children where droping out of schools because their parents had no savings, lacked sustainable sources of income and their families were in dire poverty.
This problem is not unique to Lwengo District in Uganda. Reports from the Centre For Financial Inclusion indicate that over 85% of the population in Sub Saharan Africa do not have any savings with formal financial Institutions and are mostly financially excluded.
This is why Kisoboka Africa is working to change the narrative by championing the School Community Bank Model. Through this model, we mobilise parents in rural schools to form groups, where they save and access funds to start income generating projects, finance their children’s education and transform their families. Our ultimate goal is to see all children in underseved communities receiving education and their families thriving.