BIFSIR thematic area: Village Savings and Loan Associations

BIFSIR _Saving and loan association.pdf

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BIFSIR thematic area: Village Savings and Loan Associations

January 19, 2022

VSLAs have proven to be very effective in generating growth and building local capacity. A VSLA is a microcredit model under which 25-30 members meet in a self-managed group once a week to save and borrow money. Members can take out smaller loans to invest in income generating activities or they can use the loans to meet expenses like school fees and medical bills.