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- Title
An impact study of the Village Savings and Loan Association (VSLA) in Nigeria.
- Authors
Nnama-Okechukwu, Chinwe U.; Okoye, Uzoma O.; Obikeguna, Christy; Onalu, Chinyere E.; Agha, Agha A.; Eneh, Jacinta; Ogbu, Angela I.; Erhunwunse, Eghosa A.; Nwanze, Anthony A.; Okunsanya, Taiwo
- Abstract
Background: The VSLA is an emerging movement of savings that promotes entrepreneurship development in rural communities; it has supported the growth of small and medium enterprise in rural communities as well as helped families at risk to enhance family well-being. There are however scare empirical studies on VSLAs in Nigeria, hence impact and learning is often not in the public domain. Method: In this article, we endeavored to clarify concept and present result from a qualitative study using Focus Group Discussion (FGD) for 48 families who participated in the SOS Children's Villages Nigeria Family strengthening from 2010-2015. Result: Overall result suggest that VSLA is a programme intervention that is successful and sustainable. Results revealed that 70% of the families in the programme attained self-reliance within the project life span Conclusion: The results are discussed in relation to entrepreneurship development and need for social workers to create awareness on VSLA in rural communities in Nigeria
- Subjects
NIGERIA; SAVINGS &; loan associations; ENTREPRENEURSHIP; RURAL population; SMALL business; MICROFINANCE; POVERTY reduction; FAMILY social work
- Publication
African Population Studies, 2019, Vol 33, Issue 2, p4901
- ISSN
0850-5780
- Publication type
Article
- DOI
10.11564/33-2-1405