Village Savings and Loan Associations (VSLAs)

Village Savings and Loan Associations (VSLAs) are community-based groups that help members save money and access loans. Typically found in rural areas, these associations allow individuals to pool their savings together, which can be used for loans to members or to fund community initiatives. Members contribute regularly, and decisions about loans and benefits are made collectively. VSLAs promote financial literacy and empower communities by providing a safe space for savings and encouraging responsible borrowing, ultimately enhancing economic resilience and self-reliance among members.