Friday, 13 January 2012

Just Another Peace Corps Project

Woohoo! One of the first VSLA groups that I organized as a Peace Corps Volunteer finished their first cycle. The result? The women received a return on investment of over 15% on their savings on top of receiving small business loans and becoming unified as a group over the course of a year.

Over 80% of the 30 group members are illiterate and as 100% of the members do not have bank accounts, the micro-credit cooperative served as their only source of savings and access to capital. Good work, ladies!

Pauline was quite happy to give everybody their money

Plantains and fish to celebrate the year anniversary

Cameroonians like to call this the "family photo"

video

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