Ashoka Fellow
South Africa
Fellow Since 1992
This description of Sam Muofhe's work was prepared when Sam Muofhe was elected to the Ashoka Fellowship in 1992.
The accumulated savings of co-operative societies, an indigenous type of credit union, are estimated to be equal to the assets of one of the largest banks in South Africa. Sam Muofhe has developed a way to aggregate and reinvest the wealth of these societies so that they will bring dramatically increased benefits to the black community.
The New Idea
The Problem
The Strategy
The Person

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