Some of you have may lend to women borrowers gathered in groups called "Village Bank", or "Banc Villageois" in French, the following is the story of this system in Senegal.
In 1984, in a plane going to La Paz, John Hatch outlined a project in which poor people gathered in a group were directly in charge of their financial service program. The main idea was to provide small loan to poorest families, especially women, for helping them to start small businesses. Such as what Grameen Bank was already doing in Bangladesh.
Village Banking has been... Continue Reading >>