Revolving funds help rural farmers access credit at affordable interest rates.
Small village savings groups can be an effective and complementary approach to financial inclusion and platforms for rural development in Uganda.
All farmers in our program are a part of local micro-credit groups called Village Savings and Loans Association (VSLA). Through this, they not only grow their social capital, they also receive entrepreneurship training, and leadership skills. They are encouraged to set goals and save regularly. Members are also able to borrow from their group’s revolving fund, and repay loans at affordable interest rate.
Each member has a profile on the mobile App, where they can track their saving progress towards their goal.
The goals are unique to each member; it can be buying an asset, starting a small business, improving a housing situation or simply saving money.
Through our partner Mobile App, members are able to lead their weekly meetings on a rotating basis. This not only helps build individual confidence, it also helps build leadership skills within groups.
All the groups are connected, and they meet together at least once a year. Farmers therefore have a local a local network built around them and neighboring communities.
Through these groups, farmers are able to exchange information, socialize, learn, and connect with peers on a regular, ongoing basis.
Smallholder farmers provide food for 80% of the population in Africa. Through our efforts, we hope smallholder farmers will;
We provide access to the tools, training, and resources necessary to implement sustainable agriculture practices. This includes providing access to irrigation systems, improved seed varieties, and crop management techniques which are adapted to the Ugandan climate.
We are an NGO that is helping rural smallholder farmers in Uganda to grow their way out of extreme poverty. We do this by promoting sustainable agriculture, climate change mitigation actions and amplifying women’s inclusive in community development.
Bujwahya, Nyantonzi Road.
PO Box 490940, Hoima.
Phone: +256 393 248 641
Email: info@shcan.org
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