Formation of Village Loans and Savings Associations (VSLA)

Cooperatives or Villages Loans and Saving Association (VSLAs) are transformative platforms that can enable vulnerable groups and individuals, especially women, to pool resources, access financial services, and foster savings and entrepreneurship culture. Research shows that within one year of joining a Village Savings and Loan Association (VSLA), the median income of an average participant increased by approximately $9.35 USD (+/- $0.55 USD) for each $1 USD invested (CARE, 2022). This substantial growth underscores the economic opportunities VSLA my offer participants. Our financial inclusion consultants has years of experience training, and nurturing VSLAs group to maturity and evaluation of existing groups. ACENSIA provides services on VSLA formation, monitoring, and reviving dormant VSLA groups.  We also provide market linkage training and information service such as weather, market information through our partners.

VSLAs Service

Forming VSLAs: We facilitate the establishment of new VSLAs within communities, guiding members through the entire process of setting up their savings and loan groups. We guide and lead new groups in the self-selection process, leadership appointment, formation of constitutions, capacity building on record keeping, and establishing transparent governance structures to ensure the group start on a strong foundation.

SAVIX MIS Implementation: We specialize in deploying and managing the SAVIX Management Information System (SAVIX MIS), an electronic management platform tailored for Village Savings and Loan Associations (VSLAs). We tailor group activity reports from SAVIX as credit reports, to showcase VSLAs creditworthiness among financial institutions, service providers, and input dealers. Our team at ACENSIA have experience implementing and overseeing the SAVIX system. We provide comprehensive training to field staff and agents for efficient SAVIX management.

Nurturing VSLAs to Maturity: Once formed, we provide ongoing support and mentorship to VSLAs, helping them navigate challenges and maximize their impact. This includes training sessions on financial management, governance, conflict resolution, entrepreneurship etc, tailored to the needs of VSLA members, organizations or project.

Linking VSLAs with Service Providers: We understand the importance of connecting VSLAs with relevant institutions and service providers to enhance their sustainability and effectiveness. Through strategic working relationship with financial institutions, government agencies and other stakeholders, we facilitate access to services, technical support, input credit, and market opportunities for VSLA members.

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