Empowering Women Through Village Savings and Loans Associations (VSLAs)

For many rural women in Northern Ghana, access to credit remains a major challenge. Traditional banking systems often exclude them due to lack of collateral and low income levels. Through Peace for Life Ghana’s Economic and Social Justice (ECOSOC) program, women are rewriting that story — one savings group at a time.

In 2024, Peace for Life Ghana (PLG) established six new Village Savings and Loans Associations (VSLAs) in Walewale and surrounding communities, bringing together over 180 women to build collective financial strength. By pooling their resources, the groups — including Badimsuguru, Dizembela, Mampe’aya, and others — have collectively saved over GHS 138,000 and provided more than GHS 72,000 in small loans. These funds enable women to start small businesses, pay school fees, and manage household emergencies without relying on external aid.

Beyond the money, the initiative has fostered strong social bonds, self-reliance, and trust among members. Through regular meetings and training in recordkeeping, leadership, and financial literacy, women are gaining the confidence and knowledge to make sound financial decisions.

This simple yet powerful model demonstrates that empowerment begins when communities take ownership of their development. As one participant proudly shared, “We no longer wait for others to help us — we help ourselves.”