As a sneak peak into 2021, we are excited to announce that we have partnered with Self Help Africa (SHA) in Zambia to roll out the hiveonline savings group platform, vlsa.online to selected communities in the SHA network.
Earlier this week representatives of hiveonline and SHA signed a Letter of Engagement, outlining the project and establishing impact goals and parameters. The pilot is to be conducted with the objective of producing research and guiding best practices for further adoption of digital VSLA solutions. We can’t wait to get started in January 2021 as the month coincides with the saving cycle of a majority of the selected groups.
vsla.online is set to drive impact for savings groups by simplifying transactions and accounting, allowing members to build a financial reputation/ alternative credit score, and facilitating access to credit from the wider ecosystem, MFIs and FIs.
Keep posted for updates on the project as we kick off the pilot!