Let's build a fairer world together
Let's build a fairer world, together
Village Savings Groups are a simple and powerful way
to improve households' incomes and resilience
Members work together, combining their small savings so that there is enough for some members to borrow.
Loans are often used to start or expand a micro business, or to pay for medical expenses or school fees. Some older members simply save, glad to know they have funds to fall back on if times get hard.
Loans are repaid with interest, so everyone benefits. Groups are self-selecting and choose their own officers; members trust and support each other, vetting and advising on borrowers’ business ideas.
Cash is kept in a strong-box with three key holders.
After 12 months, all loans are repaid and the accumulated savings are distributed back to the members with a pro-rata share of the interest earned. Then the group starts a new savings cycle
So far, we have enabled 64 Village Savings and Loans groups with around 2250 members. Here, Grace tells us how this has empowered her to set up her own business
Members explain what their savings group has meant for them
Some more members of Village Savings Groups
There is huge demand for the training and hardware needed to set up these groups, as word spreads quickly about improvement in the lives of members and their families.
With your help, we can do more.
'Be the change you wish to see in the world'
(Mahatma Gandhi)
