Village Savings & Loans Associations are self-managed savings groups which are formed at the community level. They provide its members a safe place to save their money, to access loans and to obtain emergency insurance. Members can take out loans to cover expenses such as school fees and medical bills without selling productive assets or they can use the loans to invest in income generating activities to raise household income.
VSLA’s are being created as part of the the Resiliency in Northern Ghana (RING) project. Ghana RING is a five-year integrated project funded by the USAID’s Feed the Future initiative and is designed to contribute to the government’s efforts to reduce poverty and improve the nutritional status of vulnerable populations in the Northern region.