The BANKSETA in partnership with the Co-operative Banks Development Agency (CBDA) facilitated training which culminated in a Diploma in Cooperative Financial Institution Management (DCFIM) for Cooperative Financial Institutions (CFIs) across the country.
The programme targets those responsible for the daily management of CFIs. The candidates are expected to attend an orientation session in preparation for enrolment. Cooperative banks and corporate financial institutions (CF Is) play an important role in the financial makeup of the country, offering similar services to those provided by commercial private banks. Democratically structured and founded by communities or specific groups, they provide a safe, convenient place for members to deposit or save money or obtain financial assistance at low cost.