admin | April 26, 2021
A Village Savings and Loan Association, or VSLA, is a group of people who pool their savings together to create small loans. VSLAs are a common way for people—especially women—to access loans, even when they don’t have access to banks. The members of this group use their loans to start or support their small businesses, then pay back their group over time. This creates an ongoing cycle of available funding for members to use and repay.
Access Agriculture has created a video that explains the concept and benefits of VSLAs. It also shows how one group in Malawi runs their local VSLA and manages their funds.
To access the video, go to: https://www.accessagriculture.org/village-savings-and-loan-associations