Savings And Credit Cooperatives

The creation and the success of the VSLA groups in Sironko naturally led to their transformation into a SACCO that would add a business value to the only savings and loans activities of the VSLA. This project aimed to further improve living conditions and prospects of women and families taking part in the VSLA programme, as well as providing them both with the requisite financial ressources and the necessary follow-up for the growth of their revenue generating activities. This should also enhance the sense of solidarity between the groups. 4680 members directly benefited from this project, with the majority being women living below the poverty line.

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Seeds covered the overall costs mobilizing all VSLA groups and the training of its board by a professional local coach on business practices and cooperative functioning, as well as technical support provided by volunteers.