All Projects

Basic Financial Services to the Rural Poor of El Salvador

Project strategic focus areas:
Boots on the ground
Catalyze and leverage
All Projects

Basic Financial Services to the Rural Poor of El Salvador

Project strategic focus areas:
Boots on the ground
Catalyze and leverage
Project facts
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project
Country
El Salvador
Start date
2009-02-01
End date
2011-08-31
Grant amount
USD 95.000
Local partners
CCR – the Community Association for the Development of Chalatenango
Grant recipient
Oxfam USA
Grant manager
Jesper Kähler

Context

FAHU funded two phases of this project (DKK 283.301 + DKK 351.432) to create VSLAs for in total 1,800 women affected by the refugee situation and civil war. The FAHU Foundation funded a study in 2024 to look at the long term impact and sustainability of groups formed.

Objectives

The aim of the project is to reach as many rural women in the department of Chalatenango as possible including the most vulnerable and the poorest of the poor.

Project Outcome

Saving for Change will add an additional 1,050 members, growing the program to 2100 members in the FAHU-sponsored cluster of villages in the department of Chalatenango. After the involvement of the FAHU Foundation is terminated, the saving and credit groups will be monitored and facilitated by Oxfam America. It will be a goal of the project to achieve self replication of the saving and credit groups.

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