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VSLAs as essential step to formal financial inclusion

Thankfully, SWF introduced its Village Savings and Loan Association (VSLA) program during spring of 2021. It made it possible for many of the marginalized women we serve to make it through the Covid lockdown in country. Pictured here (left) is a meeting of one of the VSLA groups in SWF’s local partner in Nakaseke and (right) is SWF Program Director Nakayiza Aminah as she trains the member of SWF’s local partner in Kiboga. Our members are now embracing a culture of savings as they access greater capital through their VSLAs. SWF’s network partner, the Ugandan fintech company Ensibuuko, with the support of the SWF NGO, trained all six of of our local partners in their proven methodology. Read under the story titled, ‘Digital literacy is transformative for women’s empowerment’ to learn how digitizing the VSLAs provides each member of SWF a historical record of saving and loaning on their path to formal financial inclusion.