The income from ecotourism activity is managed by
community conservation Group namely KAYA KINONDO CONSERVATION & DEVELOPMENT
GROUP (KKCDG). The income is utilized for the following
·Support the two primary schools within the area
women groups to start income generating activities
·Cultural activities and
·Support the community to buy shares in a Kaya Kinondo village
KAYA KINONDO VILLAGE BANK
Village Bank is a community owned and managed Financial Services Association.
The bank, located within Kinondo village, is very closely linked to Kaya Kinondo
ecotourism project. The bank is set up using share capital invested by the
community through buying of shares.
The bank came after realization that
income from a controlled tourism activity like Kinondo are normally very modest,
for impact to be felt by the large community.
Since the majority of the
communities do not save money with any financial institutions, they are not able
to save. Village bank offers saving service at village level thereby help, to
trap most of this income and in turn community members are able to borrow loans
to re-invest in other income generating activities.
established, the bank will provide a range of financial services such as
deposit, loan, payment, services, money transfer and insurance to low-income
households and micro-enterprise.
The main objective of the bank is to
provide rural financial services to a wider proportion of the population through
a viable institutional framework. The ability to contribute to sustainable
livelihood is quite in focus.
Makongeni primary school receiving teaching materials from Kaya
Kinondo Ecotourism Project