CARE Tanzania wins an award for its work with Savings Groups
The Prime Minister’s Office National Economic Empowerment Council (NEEC) hosted the inaugural VICOBA day meeting. VICOBA (Village Community Banks) are off shot of the VSLA model and it is estimated that in Tanzania there are approximately 100,000 savings groups with TZS 1.2 Trillion (USD 533,688,000) in circulation. The event was an opportunity to discuss how we can do better and the challenges that savings groups face. Scholastica (Director for Gender Equity and Women’s Empowerment) participated in a panel debate where she discussed the guidelines for VSLA groups and shared information and data on how we can further improve the operation of the groups. D uring the event CARE International Tanzania was awarded a certificate of appreciation in recognition of our contributions in the Formation and Development of Financial Groups in Tanzania - and our overall contribution to the Tanzanian economy. When CARE Tanzania was awarded the certificate, the Minister of Finance highlighted C...