Village Savings and Loan Association (VSLA)


The Village Savings and Loan Associations (VSLAs) equips participants with the incentives to save a portion of their incomes for collective financial growth and support.  The activities of the VSLA last about one year at a time, after which the accumulated savings and profits are shared out among the members according to the amount they have saved. Participation in the scheme allows members to loan from the group for investments such as livestock, school fees, and agricultural projects, while granting other participants the benefit of accumulating interest.

Members are also able to access an emergency fund through the VSLA with zero interest. The first program found such success that it now serves as an example for other neighboring villages; the leaders of which continue to consult new VSLA programs toward their own success. The VSLA is managed entirely by the members themselves with support by Julie Matovu.

Report on Group Saving & Loan Scheme by Julie Matovu