Pcv 1 August 2009

Post: Pobe

Brief Project Description:

This kit is for a start-up Village Savings and Loans Association group. This group is an established women’s group of weavers who have complained previously about a lack of available credit. The Village Savings and Loan Association will be set up to give these women the opportunity to save and take loans from one another in a self-sustaining system. This VSLA is structured to the format of the Care and VSL group handbook and has worked successfully in other parts of Benin and West Africa, this will be the first of many women groups I hope to start in Pobe.

At present, I have gone through 2 hour-long meetings to explain the system, and these women have gone through an accounting system formation before. Together we have done a demonstration system using beans, and now these women are ready to begin the system properly.

Dates of Project: 7th September 2009 – beginning of the initial 6 month cycle.
Number of People Involved: 32 female weavers (age 24-57)
Budget:

Item Number Cost
Metal Box 1 15.000 CFA
Pens 2 200 CFA
Ruler 1 200 CFA
Exercise books 26 3.500 CFA
Padlocks 3 3.000 CFA
Stamp 1 1.000 CFA
Inkpad 1 750 CFA
Total Cost 23.650 CFA

Amount Requested: 23.650 CFA

Comments

GAD Coordinator: This seems like a great project. I’m pleased to see more and more folks doing VSLAs in their communities, and I’m glad to see that Lindsay is building on a foundation she has already laid with previous formations. A 6-month cycle for the group seems a bit short – I think normally they go in 8-12 month cycles, so I’d like to know why they chose that. Her receipts check out. Recommend funding!
GAD Finance: It sounds like Lindsay has prepared the women well. Recommend funding.
GAD Specialist: I agree. Great project. I know nothing about duration of loans, so I trust your judgment on this. Recommend funding.

GAD Coordinator UPDATE: Emailed Lindsay Aug 30 to tell her funding was approved. Will put check in mailbox tomorrow.

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