Building an Inclusive Financial Sector in Rwanda: Village Savings and Loan Associations

18 Jan 2017 (460)kb
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Building an Inclusive Financial Sector in Rwanda: Village Savings and Loan Associations

VSLAs have proven to be very effective in generating growth and building local capacity. A VSLA is a microcredit model under which 25-30 members meet in a self-managed group once a week to save and borrow money. Members can take out smaller loans to invest in income generating activities or they can use the loans to meet expenses like school fees and medical bills.

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