Distribution of VSLA kits to rural communities.
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Inline with key determinants we have identified as important in solidifying development strongholds in rural communities, Taimako has identified financial inclusion as a vital cog in the development system. Without access to banks and other financial institutions, rural communities have been neglected in this sector. Taimako has taken this up and propounded innovative schemes meant to cultivate the habits of money management and savings.
The Village Savings and Loans Association is one of those initiatives we have enforced. Here, we educate rural communities on the importance of saving and planning. The association plays the role of a ‘susu box’ allowing its constituent members to contribute through monthly savings that are recorded in a ledger stored in a VSLA Box and managed by a member of the association and . In dire times, when a member is in need, the Association comes to the members aid, granting access to the money to cater for the emergency or pressing need.
The clogging of the financial gap ensures that community development not only looks to enrich the living conditions of communities but also the financial standings of communities. With some of these financial initiatives enforced, Taimako can leave the community in a better financial standing than when it left it. Improving on lives and ensuring that communities are not abandoned with little knowledge on their monetary affairs.