In Ghana, there are several people who currently do not have access to the formal banking sector. Some of these people are involved in savings groups activities, notable amongst them is Village Savings and Loans Association (VSLA). Microfin Rural Bank Limited in a contract with Microfin Plus Ghana is linking all of these VSLA’s in its operational areas to the bank. This will help reduce the risk inhibit in the VSLA activities as well as give access to financial services to people in the remote areas. All this withstanding, there is a need for Financial Inclusion to the members of these VSLA groups.
Follow the link to understand the operations of the Savings Groups.