Novel approach to banking in developing communities

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.

About Children Believe

Children Believe works globally to empower children to dream fearlessly, stand up for what they believe in — and be heard. For 60+ years, we’ve brought together brave young dreamers, caring supporters and partners, and unabashed idealists. Together, we’re driven by a common belief: creating access to education — inside and outside of classrooms — is the most powerful tool children can use to change their world.