Iringa Hope

Iringa Hope Joint SACCOS: This is a SACCOS whose members are registered village SACCOS Savings and Credit Cooperative Societies under Tanzanian law. This acts like a micro-finance bank supporting the network of Iringa Hope Village SACCOS. Annual loans augment the village SACCOS capital to enable making more loans to their members. Interest is charged which provides the Joint SACCOS with income part of which is used to support the operating costs of the Iringa Hope MFI Institute Limited.

Iringa Hope gave grants for additional construction expenses at a 20,000+ square foot Market Center in Iringa Tanzania. The Market Center provides storage for bulk sales of crops gathering space for large training and education sessions space for a trading operation soil and crop analysis operations along with area for future expansion.

Develop Village SACCOS: Iringa Hope makes funds available to the Iringa Hope MFI Institute Limited to give grants to new and existing village SACCOS to bring up their paid-in capital so they are able to make more loans to members. Funds provided by Iringa Hope are not always used in the year the grant is made.

Develop village Agricultural Marketing Cooperative Societies AMCOS: This network will help augment the village SACCOS by providing the members with a place to buy high-quality seeds fertilizer and spray at better prices than they would otherwise as well as assist them in marketing their crops.

Support of the Iringa Hope MFI Instituted Limited IHMFI: Grant funds were provided in 2023 to support the salaries and other operating costs of the IHMFI. The IHMFI works with villages to set up SACCOS and AMCOS and also provides ongoing training and orientation to all SACCOS officers and members.