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Village savings and loan association (VSLA)

A group of women with a communal fund, which can be used for e.g. income-generating measures.

In Liberia there is a widespread movement of “village savings and loan associations” (VSLA), which primarily help with income-generating measures. In each selected community in south-eastern Liberia, medica Liberia has set up a VSLA, which generally has 20 women members. The five or six women in the Women Support group of that community form the board of directors of the village savings and loan association.

Income-generating concept: Each participating woman pays a membership contribution and, in return, she is entitled to borrow money...