Empowering Pastors and Leaders Through Trust Fund

Scarce economic resources, modest economic growth, constraints on the public sector and low institutional capacity explain why design of adequate institutional financing systems in low-income developing countries has remained cumbersome. Financial institutions such as Trust Funds were established as a first response to lack of public finance. The current focus in the Kenya Government¿s ministry of cooperative is on the need to have a health financing strategy that will move the country from excessive reliance on out of pocket (OOP) financing towards a system that affords a greater protection for the savings; this can be realized through a socio-economic scheme. While noting that the high cost of living in the country is one of the leading causes of poverty, recognizes good saving as a pre-requisite for socio-economic development of the country. The performance of the trust funds is affected by high cost of living contributing to poor access, declining standards, increased re-emergence of pyramid schemes, high cost of products offered and inadequate funding.