• Kenya
  • Resources
  • Access to Finance
  • VSLAS (Village Saving & Loan Associations)

Quick information guide

According to CARE International Report 201794% of Kenyan VSLAs members are women

Importance of VSLAs

  • Financing for Micro, Small and Medium Enterprises (MSMEs) owned by Kenyan women.
  • Give opportunities to women who have no access to conventional banking services that require collateral for credit accessibility
  • in addition to providing financial services to women for different needs, they provide loans that are invested in various income generating projects

Main purpose

The purpose of a VSLA is to provide simple savings and loan facilities in a community that does not have easy access to formal financial services.


Accessing Finances through Village Savings and Lending Associations in Kenya

In Kenya, Village Savings and Lending Associations (VSLAs) started as saving groups popularly known as Chamas.

A Village Savings and Loan Association (VSLA) is a group of people (between 20-30) who come together with a purpose of making savings and taking small loans from those savings.

After a certain period the accumulated savings and the loan profits are distributed back to members.

Different development stakeholders have realized that VSLAs are one of the best ways poor households can be provided with a secure place to save, the opportunity to borrow  on flexible terms, and affordable basic insurance.

They are now supporting VSLAs by equipping members with much needed skills to help them run efficiently their groups.

Joyful Women Organization (JOYWO)

Founded in 2009, JOYWO is a registered Non-Governmental Organization (NGO) to empower Kenyan women economically. Over the past 10 years, it has grown tremendously with members spread across all 47...