Village Saving & Loan Association project

In an effort to empower women and young mothers, we have been able to organize them into small saving and loan associations so that they are able to save and lend among themselves. This model is efficient because women are not able to attain huge loans from financial institutions due to lack of security. The Biggest challenge we face however is the scarcity of funds to support their savings so that they are able to take reasonable loan amounts to boost their businesses. We are currently extending micro-loans at a small interest rate to keep the loan money growing so that we help many. We Organize women in groups of 12 women trusted by each other because they are guarantors to each other. Why the women act as guarantors to each other is because they have no securities and therefore they use social capital.