> Novel approach to banking in developing communities

> Novel approach to banking in developing communities

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Novel approach to banking in developing communities

William Anim-Dankwa, CCFC Ghana communications manager, explains the importance of Village Savings and Loans Associations

VSLA box Ghana

GHANA — A penny saved is a penny earned — that maxim is especially true in rural Africa, where it can be challenging to make enough money to meet basic needs, much less save. But discipline and accountability have changed the futures of participants of a community-run, CCFC-enabled initiative in Ghana called Village Savings and Loans Associations (VSLAs).

 

“For the two years this (project) has run, one group has been able to raise the equivalent of about $1,000, which earlier, one would have thought, would be inconceivable,” said William Anim-Dankwa, CCFC communications manager, Ghana.

 

Watch as William Anim-Dankwa describes how VSLAs are helping communities save for the future in Ghana.

 

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Christian Children’s Fund of Canada works globally to support children and youth who dream of a better world. For nearly 60 years, we’ve brought together diverse people and partnerships, driven by a common belief: education extends beyond the walls of a classroom and is the most powerful tool children can use to change their world. We focus on breaking barriers preventing access to inclusive, quality education for all, especially girls.