Social Capital Model

—This entails the network of relationships among people who live and work in a particular society, enabling the society to function effectively. —It is a form of economic and cultural capital in which social networks are central, transactions are marked by reciprocity, trust, and cooperation, and market agents produce goods and services not mainly for profit, but for a common good.

—Social capital has been used to explain the improved performance of diverse groups, the growth of entrepreneurial firms, hands-on managerial by all the developers, enhanced supply chain relations, value derived from strategic alliances, and communities well-being. —This is essentially the reason why the Sacco’s were started, to help each member with the collective money raised.