A new savings group opens its books in Sablaley
Wa-PYDO helped community members in Sablaley, Melkadida, set up a Village Savings and Loan Association and supplied the passbooks and ledgers to run it.
- Where Sablaley sub-kebele, Melkadida, Bokolmayo Woreda
- Project IFTIIN
- Supported by World Food Programme, KfW and German Cooperation
As part of ongoing work to improve access to financial services, Wa-PYDO’s technical team supported community members in Sablaley sub-kebele, Melkadida, to establish a Village Savings and Loan Association (VSLA).
To support the group’s sustainability, transparency and record-keeping, VSLA passbooks and ledgers were produced and handed over to the community. With them, members can properly record savings, loans, repayments and other group transactions, and build stronger community-based financial management.
The group was set up under the IFTIIN project, which is supported by the World Food Programme, KfW and German Cooperation and contributes to financial inclusion, self-reliance and sustainable livelihoods in the communities it works with. Read more about the programme.
First shared on Wa-PYDO’s Facebook page.
