VSLA projects are one of the fastest ways of empowering communities in rural areas by providing easy access to finances for project members without stringent securities and collaterals. Rural communities benefit from VSLA groups and improve standards of living through initiating income-generating projects, increasing income at the household level, improving the living conditions of members in the group, as well as empowering members to meet some education expenses for their children.
In a period of one year, the economic strength of Nyada will significantly increase. Members will be free to borrow from the group to improve agricultural and business output, support savings and animal husbandry, increase enrollment of children in school, develop youth entrepreneurship, and access better medical care for families.