Central Africans Save Their Way to a Better Future

by Mercy Corps
$1,150 Raised
total goal
monthly donors
Working with 165 village savings and loan associations, this project provides 3,300 people in Central African Republic with access to three critical financial services: credit, insurance and savings.


In the Central African Republic, 84% of the population lives on less than $2 per day. For many poor and rural households, financial services are out of reach. Families struggle to save money safely and to access credit, and they lack financial resources to cushion against unexpected crises. This project promotes the Village Savings and Loan Associations (VSLA) that are managed by community groups and provides 165 groups with access to savings, credit and insurance services.


This project facilitates the creation of VSLA groups, trains them on the savings and loan methodology, and provides them ongoing support during the first nine-month cycle of savings and credit. Members access credit to carry out economic activities.

Long-Term Impact

The project will improve the economic well-being of 3,300 households by increasing their capacity create and manage small businesses to generate income, as well as take better care of their limited financial resources.

Additional Documentation

This project has provided additional documentation in a PDF file (projdoc.pdf).


Video of a VSLA member on the Mercy Corps Blog

Organization Information

Mercy Corps

Location: Portland, OR - USA
Website: http://www.mercycorps.org
Project Leader:
Laura Miller
Portland, OR United States

Funded Project!

Combined with other sources of funding, this project raised enough money to fund the outlined activities and is no longer accepting donations.

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