Posted in Village institutions, tagged ROSCA, savings account, time value of money, transparency, VSLA, Zanzibar on September 29, 2011| 5 Comments »
This group has been operating since 2006.
There are now many mature Village Savings & Loan Associations. Where are they going? What do they look like?
Mwanzo Mgumu is a 4th cycle association (originally incubated by CARE) in southern Zanzibar. The day we visited (on assignment with the Financial Sector Deepening Trust), 15 members were attending of all ages; 12 were women. This cycle they will meet weekly for 2 years.
Posted in Microfinance, Orality, tagged accountability, democracy, icon, loan contract, oral culture, oral tool, orality, tally, thumbprint, transparency on December 2, 2010| 4 Comments »
Why are there not finger-counting icons and/or tallies (see right) on every passbook owned by every illiterate client in microfinance?
This small change could make microfinance more comfortable for poor borrowers and poor savers, and contribute in a small way towards our shared goal of ‘access for all’. (more…)
villagefinance 