VSLA At Home In a Financial Institution Money is safe from thieves – banks are guarded Usually very safe if there is Banks sometimes have insurance to group trust protect your money in case of natural disaster or theft Private Can be stolen Safety No cost – unless your money is lost or stolen! Sometimes fees for depositing, Usually there is a cost to withdrawing, and maintaining your save (treasurer, tea) account. Cost Cost of photos, ID, etc. Depends on the bank – if there is a Very close branch or agent near you Very close Available when you If the bank has many branches, you can need it access your money in more than one place - You can only access your Sometimes only located in a town or money according to the urban center Access meeting schedule Earn interest on your Depends on the bank – if there is savings when it is lent interest, your savings will earn money - Return depends on how - No return Return much is lent Use the following stories to help participants practice their new knowledge about how to choose a place to save. Mrs. Hasty lives on a farm, far away from town. She would like to save CASE 1 money from her day labor making bricks to buy a new hoe. Home Mrs. Hasty CASE 2 Mr. Blessings has been saving in a VSLA for 2 years. He has met a number of goals, and now would like to save to build a small shop. Financial Institution Mr. Blessings Mrs. Blessings lives in a very rural area. She makes very little money, but CASE 3 knows that savings is important. She would like to begin saving a very small Mrs. Blessings amount on a regular basis to meet her goal of buying a mattress. VSLA Finish the session by reviewing the Savings Guide with participants, and Trainer’s pointing out the Rules of Thumb as a review at the end.
VSLA At Home In a Financial Institution Safety Usually very safe if there is group trust Money is safe from thieves – banks are guarded Banks sometimes have insurance to protect your money in case of natural disaster or theft Private Can be stolen Cost No cost – unless your money is lost or stolen! Usually there is a cost to save (treasurer, tea) Sometimes fees for depositing, withdrawing, and maintaining your account. Cost of photos, ID, etc. Access Very close Very close Available when you need it Depends on the bank – if there is a branch or agent near you If the bank has many branches, you can access your money in more than one place - You can only access your money according to the meeting schedule Sometimes only located in a town or urban center Return Earn interest on your savings when it is lent Depends on the bank – if there is interest, your savings will earn money - Return depends on how much is lent - No return Use the following stories to help participants practice their new knowledge about how to choose a place to save. CASE 1 Mrs. Hasty Mrs. Hasty lives on a farm, far away from town. She would like to save money from her day labor making bricks to buy a new hoe. Home CASE 2 Mr. Blessings Mr. Blessings has been saving in a VSLA for 2 years. He has met a number of goals, and now would like to save to build a small shop. Financial Institution CASE 3 Mrs. Blessings Mrs. Blessings lives in a very rural area. She makes very little money, but knows that savings is important. She would like to begin saving a very small amount on a regular basis to meet her goal of buying a mattress. VSLA Finish the session by reviewing the Savings Trainer’s Guide with participants, and pointing out the Rules of Thumb as a review at the end.
3._access_africa_master_tot_manual.docx