Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Tanzania: The Ebenezer Village Savings and Loan Group Update

Tanzania: The Ebenezer Village Savings and Loan Group Update

Last year, ALARM Tanzania trained 30 women in financial literacy and money management skills and as a result, the Ebenezer village savings and loan group formed. These women are continuing to save and use the money for loans to start small-scale enterprises. The group decided that each share would be worth $1 and each individual can purchase up to 5 shares which results in a total of $5 of savings a week from each individual. The group has now saved just over $2,300 which has allowed these women to learn how to effectively save money and it has equipped them to have enough loan money for some of the members to establish business ventures. These women have proven to the ALARM staff that no one is too poor to save and that with the proper training, anyone can learn how to manage money properly. In addition to the tools that these women are receiving from being a part of this group, it has also opened up a door for the Muslim community to engage with these women as they express interest in participating in the savings group.