Volunteer Youth Corps (VYC) is recruiting participants for a four-week programme intended to empower women by fostering their confidence in saving money and business management.
According to a VYC press release, The Women’s Savings Group Training Initiative (SGTI), which aims to help women transform their creative ideas into income-earning ventures, is open to 25 women who are interested in launching or growing their business and improving their money management skills.
According to the release, the programme will equip its participants with the tools and skills necessary to apply for loans. Through the training, women will learn about using savings groups to develop effective savings policies, developing a business plan and bookkeeping, among other skills, the release added.
The release explained that a savings group is a group of women who save together as a Trust Deed under a single bank account. Groups are owned, managed and operated by the members who convert small amounts of cash into savings. Each member works towards achieving an individual savings target, which encompasses the 20 per cent equity contribution and legal fees required when applying for a loan, the release stated.
For more information, contact Jelene Iviv, Women Entrepreneur Advisor (Volunteer), Cuso International, Partner: Volunteer Youth Corps on telephone number 227-1011 or email address empowerwomen.vyc@gmail.com.
