Village Saving and Loan Association
All of our members especially women and youth are resource-poor and faced with serious challenges in accessing formal financial services for farming needs attributed to the stringent requirements. To bridge this gap, we established village savings and loan associations (VSLA) as an alternative to meeting the credit needs of all our members.
Village Saving and Loan Association (VSLA)
Empowering our members, SNoTHFaMCo provides financial and technical support to farmers in Nimba County. Through financial assistance programs, we enable members to access capital for investment in their farms and businesses. Simultaneously, we offer technical guidance, knowledge sharing, and training on modern farming techniques. This two-pronged approach ensures that members have the necessary resources and knowledge to thrive in the world of agriculture.
Because almost all of our members especially women and youth are resource-poor and faced with serious challenges in accessing formal financial services for farming needs attributed to the stringent requirements. To bridge this gap, we established village savings and loan associations (VSLA) as an alternative to meeting the credit needs of all our members. The amount credited from the VSLA is used by our members to procure inputs, agro-chemicals, etc. We generated L$750,000.00 (Seven hundred- fifty thousand Liberian Dollars) or its equivalent of US$3, 865.97 during the first year.