Pengai Village
Financial Literacy Initiative
VSLA and Business Development Support
Rural women in Liberia have limited access to financial services. VSLA -Village Savings and Loan groups are small groups of up to 30 people who regularly meet to save their money together in a safe space. The group is also able to access small loans and obtain funds for emergencies. Research has shown that VSLA participation is linked to an increase in savings and credit obtained through the VSLAs, which has increased agricultural investments and income from small businesses (Kroll 2016).
Intensive VSLA Training
This program will improve livelihoods by increasing self-efficacy and building a strong foundation for creating new business opportunities.
Business Development
The business development program focuses on agricultural based business that can improve value chain outcomes.
Monthly Follow-up Training
Each month the financial literacy instructor meets with the group for follow-up instruction.
Start-up Capital
Each participant in the program will receive seed money. This money can be used as capital for a small business.
Thank you to Friends of Liberia
A small grant from Friends of Liberia and private donations helped us to make this project viable. We appreciate all of the support that we have received and we look forward to the positive outcomes from this innovative initiative