Financial Inclusion for All — establishing savings group federations (VSLF) and providing financial literacy and social development training to VSLAs
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Financial Inclusion for All — establishing savings group federations (VSLF) and providing financial literacy and social development training to VSLAs
.avif)
Context
Dutabarane has implemented savings groups many rural provinces and has seen the benefit savings groups contribute to the rural areas communities in remote areas. However, though more than 176,000 members reached, there is still a long way to go in order to respond to high demand of savings groups in other communities where Dutabarane operates. This is also done through strengthening the VSLA methodology by organizing created VSLAs into clusters/federations where there are already created VSLAs as well as in new areas.
Objectives
Overall Objective:
Contribution to improved sustainable financial services, economic capacity and social accountability in Ruyigi province. The aim will be to reach communities of Ruyigi, in which savings and loans activities will be implemented.
Specific Objective:
Capacity building of 7,500 households through 300 VSLAs in the provinces of Ruyigi by May 2022. The 7,500 persons will access savings and loans services as direct beneficiaries and 37,500 persons will be indirect beneficiaries.
Project Outcome
- Mobilize 200 new savings groups
- Strengthen 100 existing savings groups
- Establish 10 functioning federations
- Provide business development, financial literacy, and social accountabilitytrainings to approximately 1,500 group members (footnote)
- Recruit, train and deploy village agents to promote sustainability beyond theproject period
- Link savings groups with financial service providers and provide access tomarkets
- Monitor & evaluate the project utilizing the SAVIX-MIS
- Conduct an external evaluation of the project
- Document and share best practices and learnings for federating savings groups