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Unlocking Access, Unleashing Potential

Nov 18, 2019 | by CARE

In 2018, CARE launched a 12-year VSLA scaling strategy with a goal of supporting 50 million women and girls – 65 million people overall – to form savings groups by 2030. Our commitment was guided by nearly 30 years of experience with the VSLA model, broad-reaching evidence that savings groups can support women and girls to achieve their goals, and a 10-year track record of successful expansion. Between 2008 and 2018, CARE focused on scaling VSLAs in Africa and increasing financial inclusion, leading to a direct increase in membership from 1 million to 7 million people, while influencing peer NGOs, donors and governments, many of whom have adopted the model. As we look ahead to 2030, we believe that scaling VSLAs and supporting VSLA members to pursue their goals can have a substantial impact on the achievement of the U.N. Sustainable Development Goals. But we recognize that achieving scale demands not only that CARE continues to embed VSLAs in our own work, but also that we work in new ways and with new partners.

Categories: Sub-Saharan Africa Women and Girls Savings Groups Women's Economic Empowerment Women's Economic Empowerment Resource Library 2019 Resources

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