An impact study of the Village Savings and Loan Association (VSLA) in Nigeria

  • Chinwe U Nnama-Okechukwu University of Nigeria, Nsukka
  • Uzoma O. Okoye University of Nigeria, Nsukka
  • Christy Obikeguna University of Nigeria, Nsukka
  • Chinyere E. Onalu University of Nigeria, Nsukka
  • Agha A. Agha University of Nigeria, Nsukka
  • Jacinta Eneh University of Nigeria, Nsukka
  • Angela I Ogbu Benson Idahosa University, Edo State
  • Eghosa A Erhunwunse SOS Children's Village
  • Anthony A Nwanze SOS Children's Village Programme, Ogun State
  • Taiwo Okunsanya University of Nigeria, Nsukka
DOI: https://doi.org/10.11564/33-2-1405
Keywords: Entrepreneurship development, savings groups, social work, SOS Children’s Villages Nigeria, sustainability, VSLA.

Abstract

Background: The VSLA is an emerging movement of savings that promotes entrepreneurship development in rural communities; it has supported the growth of small and medium enterprise in rural communities as well as helped families at risk to enhance family well-being. There are however scare empirical studies on VSLAs in Nigeria, hence impact and learning is often not in the public domain.Method: In this article, we endeavored to clarify concept and present result from a qualitative study using Focus Group Discussion (FGD) for 48 families who participated in the SOS Children’s Villages Nigeria Family strengthening from 2010-2015.Result: Overall result suggest that VSLA is a programme intervention that is successful and sustainable.  Results revealed that 70% of the families in the programme attained self-reliance within the project life spanConclusion: The results are discussed in relation to entrepreneurship development and need for social workers to create awareness on VSLA in rural communities in Nigeria

Author Biographies

Chinwe U Nnama-Okechukwu, University of Nigeria, Nsukka
Department of Social Work
Uzoma O. Okoye, University of Nigeria, Nsukka
Department of Social Work
Christy Obikeguna, University of Nigeria, Nsukka
Department of Social Work
Chinyere E. Onalu, University of Nigeria, Nsukka
Department of Social Work
Agha A. Agha, University of Nigeria, Nsukka
Department of Social Work
Jacinta Eneh, University of Nigeria, Nsukka
Department of Social Work
Angela I Ogbu, Benson Idahosa University, Edo State
Department of Sociology
Eghosa A Erhunwunse, SOS Children's Village
National Director
Anthony A Nwanze, SOS Children's Village Programme, Ogun State
Programme Director
Taiwo Okunsanya, University of Nigeria, Nsukka
School of Nursing
Published
2019-08-23
Issue
Vol. 33 No. 2 (2019)
Section
Articles

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