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

Village Savings and Loans Associations

Village Savings and Loan Associations (VSLAs) are groups usually formed by the underprivileged in society to offer sustainable micro-finance services such as micro savings and micro credit among others in places with no access to prescribed financial services. VSLAs are self-managed initiatives and normally do not receive any external capital. They provide members with a safe place to save their monies and acquire small loans from among themselves.

VSLAs focus on building savings and assets as well as providing credit proportionate to the needs and repayment capacities of the borrowers. Groups are usually low cost and simple to manage, which allows women and youths to reach a formal and wider array of financial services. VSLAs raise the self-respect of individual members and help to build social capital within various communities, particularly among women.

Young Women’s Christian Association of Zambia (YWCA)

YWCA provides support for VSLA formation, leadership and more.