A Village Savings and Loans Association (VSLA) is a community-based financial system designed to uplift people from low-income backgrounds. VSLAs promote savings, provide access to credit, and offers basic financial education and bridges the gap left by formal financial institutions. Women are the majority that face significant poverty-related challenges; including limited capital, lack of financial knowledge, and restricted access to credit due to lack of mortgage and different Gender based norms.
To tackle these issues, MCDC this model, initially in Kigali and later extending to Gakenke District so as to create many decent jobs , reduce poverty , hunger and in the long run to break the gender barriers . This innovative approach involves members contributing funds regularly and revolving it amongst themselves to start income generating activities.
We provide essential entrepreneurial training, covering financial management, business planning, and marketing strategies, caching and mentorship to the women for success. Emphasizing the importance of regular savings, MCDC encourages members to build financial security while contributing to the loan pool.
By combining VSLA Approaches, entrepreneurial training, and fundraising, MCDC effectively addresses poverty-related challenges effectively and we believe that a lot would be achieved if many Organizations and institutions used it to increase women economic empowerment because it is the center for eradicating poverty and other affiliating factors. This holistic approach aligned with the UNDP's "No Poverty" goal in 2023, highlights MCDC's commitment to reducing poverty and empowering marginalized communities for sustainable livelihood improvement.
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