Village Savings and Loans
Your donation will support the costs of a start-up kit and implementation training. It will also contribute funds for sustainable livelihood training.
Village Savings and Loans is a community-based microfinance method that is based on the savings groups of 15-25 people, who generate their own fund by making weekly contributions. This money is then used to make loans to one another and the interest is invested back into the fund. At the end of each 12 month cycle they ‘share out’ where each person receives all their savings plus interest. This method equips those in extreme poverty with the knowledge and skills to work as a community, to increase their earning ability, to provide for their daily needs, their children’s education, and a system to save money for emergencies. Our priority is to train, equip, and resource nationals to administrate this program.
Suggested Price: $50.00