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Village Savings & Loan Associations
Savings groups that put credit and dignity in the hands of grandmothers.
Each group meets weekly, saves together and lends to members. Group grants seeded the funds; members have kept them growing.
The challenge
Grandmothers raising orphaned grandchildren had no access to savings or credit.
Our expectation
- check_circleFormed and trained VSLA groups
- check_circleSeeded group funds with grants
- check_circleMentored members in small business
Results
Active savings groups now lend to members for school fees, medicine and trade.
At a glance
Location: Central Uganda
Community served: Grandmother-headed households
Funding: Seed grants from donors, member savings thereafter.