Village Savings and Loaning Groups

In this project, we regularly train new groups, which then register as official savings clubs. The members meet every two weeks and save money in a community pot. If money is needed, members can take out a loan at a fixed interest rate. At the end of the year, the total savings and interest income is distributed back to the members as a proportion of their paid-in share. Through this, the members receive an incentive to save money and gain access to capital in order to cover unexpected expenses or to venture into self-employment. Currently, a total of 635 members are active in 20 registered clubs.

A lot of families were even able to open their own shops, pay school-fees for their children, start farming-projects or rebuild their destroyed houses.