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Village Savings Loans for Education purpose

Households in rural area are benefited by saving and loan clubs aiming to alliviate their life against povert. VSL can play animportant role

Photo of Pedro Maunde
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Who is the target audience for your idea and how does it reimagine the cost of college?

VSL can be seen as an important source to provinde financial aid to students

The Community associations of savings and loans play an important role within the villages itself to alliviate the impact of povert. Through this useful community clubs vulnerable households are acheiving deep social and economical changes on their lives enabling them to become resilient to the impact of climate change and povert.

In certain cases, children in rural areas after completing primary and secundary school are faced by financial problems to continue their studies, particularly to entry at high school either in public as well as in privite school.

From the minority of students who experienced to achieve high school, few of them were funded by their mothers based on resources generetad through village and savings loans.

Because VSL clubs are approached aiming to improve the condition life of the most vulnerable and politically, socially and economically excluded households, particularly composed by women who depend by land and available natural resources to survive, has potential probability to support high education to children.

What early, lightweight experiment can you try out in your own community to find out if the idea will meet your expectations?

A lot of community member are changing their life at rural areas by the way VSL clubs have been approached deliberately. Some households are building house, strengthen their relationship becaming married and well respected within their communities.

What skills, input or guidance from the OpenIDEO community would be most helpful in building out or refining your idea?

Would be helpful to get from OpenIDEO all techinical support that can be offered to have this idea refined

This idea emerged from

  • A group brainstorm

Are you interested in the Path to Pitching track we've developed for this challenge?

  • Yes


Join the conversation:

Photo of OpenIDEO

Hi Pedro, interesting post! Any chance you could find an image to go along with it? Images help grab attention and tell a story with higher impact. You should be able to use the Edit Contribution button on the top of your post and follow the instructions to add images from there. Looking forward to seeing more of your inspiring insights on OpenIDEO.

Photo of Pedro Maunde

Hi, thank you so much for your feedback. I already added the image on the story.

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