Sustainable freedom from poverty is about giving people a hand up not a hand out. To ensure that the contribution of micro enterprises to key sub-sectors and national economies is maximized and to ensure that the poor are not left out of market development, Micro-enterprise is one way we give a hand up thus the establishment of the Sabatia Constituency Development Fund (SACODEF) in 1997 by founder member Musalia Mudavadi.
The fund is now autonomous from the Foundation though the Foundation works closely with SACODEF to achieve many of the foundations economic programmes.
Mr Mudavadi remains the patron of SACODEF.
SACODEF’s mandate is to offer:-
• Financial services to women and youth groups
• Educational bursaries to bright but needy children
• Business development services
A key observation to note is that the Constituency Development Fund introduced by the government in 2003 has many similarities to SACODEF which was formed in 1997. SACODEF has over the years financed small and medium enterprises (SME) through established women and youth groups and contributed to the continued education of bright but needy children and the general development and well being of the local people.