Savings Groups are self-managed groups of 15-25 individual members from within a community who meet regularly to save their money in a safe space, access small loans and obtain emergency insurance.
Four years in to the Global VSLA scaling strategy, VSLAs still continue to serve as an effective vehicle for economic justice and long-term resilience. Since 2020, the Women Respond initiative has surveyed over 17,000 women in 23 countries and has indicated that VSLAs not only increase resilience, but also decrease challenges around income, food, and healthcare. VSLAs in Emergencies has shown that when power is returned to even the most vulnerable women, they are able to improve their situation.