Small Industries Development Organization (SIDO) - Tanzania
- Tanzania
- Resources
- Access to Finance
- VSLAS (Village Saving & Loan Associations)
- VSLAS (Village Saving & Loan Associations)
Quick information guide
Importance of VSLAs
Village Savings and Loans Associations play an important role by:
- Providing a nearby trustworthy financial institution that allows members to save and borrow money for their small businesses
- Helping women entrepreneurs to learn from peers when it comes to doing business
- Allowing members to instantly respond to emergencies
How can VSLAs be leveraged on for economic growth?
For VSLAs to be profitable, members need to:
- Invest in capacity building such in financial literacy, mentorship, etc
- Ensure good leadership for financial and behaviour control
- Explore and invest into profitable income generating activities
Village Savings and Loans Associations (VSLAs) in Tanzania
Village Savings and Loans Associations (VSLAs) are groups of people (maximum 30) commonly formed by poor target communities to provide sustainable and profitable micro finance services such as micro servings, micro-credits, micro insurance and many others.
Small Industries Development Organization (SIDO)
SIDO is a government funded institution which aims to support entrepreneurs in accessing new simple technologies including financial services. The organisation offers training to the VSLAs under its outreach services. The training can be done in groups or individuals. The topic depends on needs and interest of the VSLAs. The courses are advertised during SIDOs workshops and meetings.
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