Accra: The village savings and loan association (VSLA) in Oetuke Village is playing a pivotal role in empowering women to manage their finances and rebuild social cohesion following the devastation caused by a landslide in 2021. The association, which boasts a core membership of 24 women, is designed to enhance resilience during crises such as natural disasters, illness, death, crop failure, or job loss.

According to UN Women, while men are welcome to join, the majority of current members are women who typically manage household finances. Members contribute to a collective fund by paying a nominal administration fee and saving monthly. This fund provides interest-free loans to members, which are repaid according to a mutually agreed schedule. This structure helps members avoid debt collectors and promotes financial independence.

Juridna L. Bahan, the head of the association, explained that the group's approach differs from conventional savings and loan schemes by prioritizing savings before lending. This method has not only strengthened members' financial planning capabilities but also increased their confidence to participate in public forums and village governance.

During association meetings, members discuss financial management and personal financial challenges, fostering trust and solidarity. Juridna noted an increase in women's participation in discussions, with many confidently sharing their opinions.

Milka Yosina Feo, a member of the association, highlighted the need for funding to support small businesses, especially during the rainy season when their primary income from selling decorative stones is disrupted.

To support the association's sustainability and expand opportunities for women entrepreneurs, the village government has contributed financial support amounting to 5 million Indonesian Rupiah (approximately USD 307). Juridna expressed optimism about completing the first savings cycle and expanding membership.

"When I see the happy faces of mama-mama who are part of the village savings and loan association, I feel proud," Juridna said, underscoring the positive impact of the initiative.