Bachelor Thesis from the year 2021 in the subject Economics - Finance, , course: BSc in Community Development, language: English, abstract: Group savings and loan scheme is a time-bound accumulating savings and credit activity. It is an informal microfinance where there are no financial intermediaries. Self-selected persons in a group of at least 15 to 30 people form a group to mobilize their own savings regularly in a pool and borrow from the pool fund and repay back the borrowed funds hereby referred to as loans with interest, after a period usually between one and three months. On a date chosen by the members, usually after about a year, all the financial assets are divided among the members in proportion to each one's savings. This pay-out is called the "action audit". The groups normally reform immediately and start a new cycle of savings and lending. Non-governmental organisations normally build the capacity of these groups to operate efficiently by training them on financial education especially on savings and loan management. More recently, the significance of Savings and loan services reaching financially excluded populations with low cost, easily accessible financial services has attracted interest of many stakeholders globally. There has been a move by nongovernmental organisations to improve the outreach to reach the very poor in remote areas of Malawi and Africa as a whole. Use of different delivery channels have been employed to achieve this objective. One of the key failures of the conventional microfinance has been its limited outreach to remote areas and poorer people in them, especially in rural areas of Malawi. The study aimed at assessing the efficacy of the delivery channels in group savings and loan scheme outreach in Nkhata bay district in specific areas of Traditional Authority Mbwana. Four aspects of savings and loan outreach were assessed: people reached with the group savings and loan, members' satisfaction with the savings and loan services, financial performance of the groups and effects of the group savings and loan to participating members. The study used Rostow stages of economic growth and the graduation model theories. These theories were used to measure if VSL members' economic status grow from under development to development, that is from traditional society, to pre-conditioning, to take-off, then drive to maturity and finally to maturity; and to further experiment if indeed families that are engaged in VSLAs, are to graduate from extreme poverty to sustainable livelihoods.

Auteur

With over 9 years of community development, microfinance and project management experience, I have a proven track record of meeting high expectations, managing multiple tasks and successfully delivering projects on schedule. My professional qualifications and experience combine to create a successful community development and project management professional. My experience in working with diverse stakeholders, managing community development projects and leading various teams have made me an effective development professional. I am confident in defining objectives, setting expectations, and delivering projects on-time and within budge. I understand the importance of balancing time, budget and quality during the course of any given project task and hold excellent problem-solving and decision-making skills to stay ahead of any challenges that may arise.