VILLAGE SAVINGS AND LOAN ASSOCIATIONS
At World Renew, we’ve taken the need for a bank or predatory lenders out of the equation and put the opportunity into the hands of the community itself.
The Village Savings and Loan (VSLA) program has been an integral part of World Renew’s ministry. Our model is vital to helping families to find their footing as they journey to income security.
As people who live in poverty do not have access to banks or formal lending programs, VSLAs assist communities directly. When you give a gift to help start a Village Savings and Loan Association through World Renew, local families learn to manage their group, pool their money in a joint savings account, approve small business loans at reasonable interest rates, hold each other accountable, and build hope for a better future.
