In rural Burkina Faso, women often suffer with poor living conditions and limited access to credit. So it’s hard to develop sustainable, income-generating activities to improve their lives and help their families. At Christian Children’s Fund of Canada, through the generosity of our donors, we can help through village-savings-and-loan
(VSLA) community groups.
Asseta Zangré (above
) realized the value of these groups, designed to encourage (mostly) women to save funds, which are loaned with interest to finance income-generating activities. “I joined the VSLA group in 2014 when it started in my village,” recalls Asseta. “Before that, I ran a small restaurant where I sold cooked rice with sauce.”
Before she joined her VSLA group, Asseta’s business was small. She knew accessing credit would help grow her business, but financial institutions wouldn’t grant her a loan — she didn’t have other options.
The entrepreneur’s situation changed once she joined her VSLA group. She started borrowing money and progressively asked for bigger loans. Today, she buys up to 5 tons of rice a year, compared to when she could hardly finish 1 ton and a half. And, she makes $270 on each ton, a significant amount in Burkina Faso.
“I can easily face my children’s needs in terms of school fees, clothing, health and others. I have also widened my restaurant.” And, there’s more: “I (contributed) to helping my husband build our house in concrete,” she explains proudly. She has also developed a sheep farm, which her children often help her with when they’re not in school.
Koumbema, Asseta’s husband, is proud and thinks local men should encourage their wives to join a VSLA group. “Since my wife has been in the VSLA group, so many things have changed. She helped me a lot,” he explains. “Our life has improved.”
Make an income-generating gift today through our catalogue.