Why Your SACCO Has Failed To Grow. What Is A Cooperative? A Cooperative Is A Member-Owned And Democratically Governed Organization Formed To Meet The Shared Economic, Social, And Cultural Needs Of Its Members. SACCOs (Savings And Credit Cooperative Organizations) Are A Specific Type Of Cooperative Focused On Empowering Members Through Savings, Affordable Credit, And Financial Services. They’re Not Just Institutions—They’re Communities. But Here’s The Challenge. ? Many SACCO Leaders Struggle With Managing Funds Effectively. ? Members Often Don’t Fully Understand How To Maximize Their Benefits. ? Financial Literacy Gaps Are Holding Back The True Potential Of These Cooperatives. What If We Could Change That? Imagine A SACCO Where; ?? Leaders Confidently Make Strategic Decisions That Drive Growth. ?? Members Understand The Value Of Their Shares And Actively Engage In Building The SACCO. ?? Financial Literacy Becomes The Bridge Between Individual Prosperity And Collective Success. This Isn’t Just A Dream—It’s A Possibility and i see that Trend taking shape CPA Cooperative Society Limited (CPA SACCO LTD).... And It Starts With Education. ?? Over The Years, I’ve Seen Firsthand How Empowering SACCO Leaders And Members With Financial Knowledge Transforms Not Just Cooperatives, But Entire Communities. ? What If We Started Viewing Saccos Not Just As Financial Institutions, But As Hubs For Education, Growth, And Empowerment? I’m Passionate About Sparking This Shift. Are You? Let’s Connect And Share Ideas On How We Can Build Stronger SACCOs Together. #Financialliteracy #Cooperativedevelopment #SACCOleadership #Communityempowerment #CPA #ICPAU #AccountantsSACCO #Cooperatives
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Always ask the right questions when it comes to SACCOs What is the membership eligibility criteria? What is the historical financial performance? What are the risks associated with investing in this SACCO? How much dividend and rebate does the SACCO pay members? Who are the faces behind the brand and what do they stand for? What is the loan application process and what fees are involved? How does the SACCO ensure compliance with regulatory requirements? What are the current and projected growth strategies of the SACCO? How are decisions made within the SACCO (e.g., governance structure)? What are the exit options for members who want to leave the SACCO? What are the conditions for obtaining loans and the typical interest rates? What is the SACCO's approach to community development and social responsibility? How does the SACCO manage its reserves and reinvestments? Are there any additional fees or charges that members should be aware of? These kind of questions will help you gain a comprehensive understanding of the SACCO's operations #PersonalFinance #Saccos #OwnYourFinancialJourney #Abojani4thEEC24 #EconomicEmpowerment
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The Co-op Model..... How did any of us find out about the cooperative business model? I learned by accident. Our organization was looking for a new kind of business structure to have a community owned classic amusement park museum. When our local amusement park (Whalom Park) closed the surrounding communities were upset that our park wasn't going to open and no one asked us what we as the citizens of those communities wanted. Then it was stripped and sold for development before our eyes. In one of our many meetings we had at my house one guest said that it sounded like a ski mountain her friends owned shares of. After that meeting I Google searched that information and found the Mad River Glen Cooperative MRG a skier owned mountain. For the next two years of researching MRG and co-ops in general we formed our organization as a consumer cooperative called the New Whalom Cooperative. As a business model it makes sense for us but it makes sense for many businesses but it's so hard to find all the information and tools needed to create a co-op. In today's world you can set up a business structure through a website in 5 minutes but you can't find a way to do that as a co-op. Why is that? Over the years since I've/we've found more resources and great people who help guid our co-op journey. One of those resources is the Everything Co-op radio show hosted by Vernon Oaks. For 11 years the show has dived into many types of co-ops and different programs that help educate and create cooperatives. Within this episode referenced here in this post the question arises. How can we market the co-op business model more? It's the business worlds best kept secret. How many of you have an account at a credit union? Did you know that a CU is a financial cooperative?! I didn't either. As cooperators we need to spread the word about the co-op business model. October is co-op month and if you have a platform you need to post, share or download as much information as we can so maybe in the future any cooperators can structure there co-op business on that same site that only takes 5! minutes....
This week Vernon will be interviewing Clifford (Cliff) Rosenthal as we continue to honor the 2024 Cooperative Hall of Fame inductees. Want to learn more about Cliff’s contributions to the #cooperative movement? Tune in on Thursday at 10:30am ET. https://bit.ly/4gAN8Mq
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Did you know that family businesses account for 3.3 million jobs, or 59% of the private workforce in the U.S.? Underneath this success, navigating the complexities of a family business can be challenging. That's why the Bailey Program for Family Enterprise at DU is providing education, connections, research and advocacy to help family businesses succeed across the generations.
Bailey Program Helps Family Businesses Thrive Across Generations | Daniels College of Business
https://daniels.du.edu
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Celebrating One Year of Growth and Success! We celebrate a significant milestone – our FIRST ANNIVETSARY! Over the past year, we’ve grown and learned a lot together. We’ve worked tirelessly to turn that vision into a reality, overcoming challenges, building strong partnerships, and creating a positive impact in Credit Rating Advisory. #CredwiseAdvisors #CreditRatingAdvisory #FirstAnniversary #Success #FinancialServices #Gratitute
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Thrive in today’s rapidly changing business environment. Rates for the 10th Annual #TCIVWest increase at midnight tonight! Don't miss your last chance to save $300 on registration. ??Act fast and register now using the link in our bio. #TCIVWest #TCIV #TreatmentCenterInvestment #ValuationRetreat #BusinessGrowth #ExecutiveNetworking #FinancialEducation #InvestmentOpportunities #GrowthStrategies #BusinessTransformation #HealthcareInvestment #FinancialCommunity #MergersAndAcquisitions #BusinessConnections #IndustryInsights #ExecutiveEvents #Scottsdale #Arizona #TCIVWest2024
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The Commission recently came together with representatives from the Small Business Development Corporation - Peel to discuss opportunities to collaborate upon small business development in Peel including capability statements, business planning, private equity raising, grants programs and not-for-profit organisation corporate governance. We look forward to working with both SBDC and IPS Management Consultants - Business Advisory to support local businesses in the Peel region. ?? Left to right: Stefan Chappell, Principal Regional Development Officer, PDC, Larissa Stacy, A/Local Content Adviser, PDC, Adrian Parker, Director Regional Development, PDC, Caragh Waller, Director of Business Advisory Services, SBDC and Annette Brown, Senior Project and Engagement Officer, SBDC.
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Sage advice
"Work incredibly hard and diligently, and be super proactive." Fortune spoke with Warby Parker cofounders and co-CEOs Dave Gilboa and Neil Blumenthal about the billion-dollar company’s dorm room beginnings, why they haven’t raised prices, whether they’d recommend other besties go into business together, and why their professor ripped their initial business idea to shreds. During the interview, the founders shared a piece of advice for young professionals. Read more here: bit.ly/3yOWOls
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The Financial Women's Association always put's on top tier #networking events! If you are in NYC on June 25th and want to make some great connections that further women in finance and leadership, you need to check this out!! #WomeninFinance #AdvancingWomen?#WomeninLeadeership #SchwabLife
Level up your network at FWA Connect Live 2024! Just days away: Join NYC's top financial professionals for a summer night mixer on a stunning rooftop bar – don't miss your chance! ? Mingle, learn about FWA, and build valuable connections ? Light bites & cash bar ? Bring a friend – expand your circle! Last year's event sold out! This year? Be there! Ready to invest in yourself? Sign up now: https://lnkd.in/eeNCyptH #FWAConnectLive #NetworkingNYC #FinanceProfessionals #AdvancingWomen #WomeninFinance #WomeninBanking #FinancialServices #Networking #BusinessLeaders
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Great session for CEOs, senior leaders and Company Directors to learn more about the raising capital for your company. Whether it be for expansion, innovation or M&A, this session will provide practical tips on how to approach. Brought to you by Private Directors Association? - Colorado. #womenonboards #companydirectors
Join the Private Directors Association? - Colorado Chapter for an in-person event - 'Let Us Raise Some Capital Smartly - Efficiently Raising Effective Capital is Both an Art and a Science'. The event will feature a panel discussion on the topic of Capital Fundraising, with key players such as John Leevers, CEO and Chairman of Leevers Supermarkets, Inc., Dana Jacoby, CEO of Vector Medical Group, LLC, and Steven Joanis Director of Bow River Capital. Moderated by Elizabeth Krupa, Attorney at Law and Founder of Law Office of Elizabeth Espinosa Krupa, LLC. Don't miss out on this opportunity to learn about efficiently raising effective capital from industry leaders and network with fellow company directors. RSVP: https://bit.ly/4bCpStX #CapitalFundraising #CompanyDirectors
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In 2023, FSWCF pioneered new and innovative ways to support diverse entrepreneurs and small businesses, investing $5.6 million across rural Colorado, up 75% from $3.2 million in 2022. Of those businesses financed, 77% were women-owned and 55% were BIPOC-owned (Black, Indigenous, People of Color). These investments resulted in 193 jobs created and 160 jobs retained, tangible results that are essential to create thriving rural Colorado communities. Read more about our impact here: https://fswcf.org/impact/
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Business Leader, Administrator, Entrepreneur, and Social Impact Advocate
1 个月Stephen Okiria let's connect