The Power of a Village Savings Bank

Chesa finishes up on the final touches of packaging her products in the early morning sun, ready for the day’s markets. Chesa lives with her husband and two children close to the city, but due to poor roads and public transportation, it’s a difficult commute. Because of this, it results in lower education levels in her area. Cufa’s arrival in the area allowed Chesa and her neighbours to study financial literacy and start up their own Village Savings Bank. This gave her community access to credit and various types of loan with training sessions provided alongside.

Before Cufa’s arrival, her lack of financial knowledge had meant that she did not have enough income to fully support her family.  By attending Cufa’s training session, Chesa’s family now regularly saves. Through a loan from her local village savings banks, she has grown her small agriculture farming business and expanded into livestock farming.

By working with Cufa, Chesa’s community has been able to cement a foundation of financial inclusion, allowing the community’s youngest the opportunity to grow up involved in financial literacy.