The National Village Savings and Loan Association (VSLA), an organization that serves the poor who may not be full time business people and whose income is less reliable, has graduated 750 members from informal to the formal sector of the country’s economy.
The weeklong training, which ran from September 7 to 11, trained new members in VSLA methodologies and business management.
Madam Josephine J. Nagbe, president of VSLA said the organization wants to ensure that citizens take ownership of their homes as well as managing their wealth through lessons they acquire from the training.
The VSLA, she said is dedicated to helping people transform their lives, using microfinance as an ideal way.
“We want to ensure that poor people in Liberia have access to financial tools and the training they need to lift themselves out of poverty,” she said.
She also used the occasion to acknowledge the Executive Governor of the Central Bank of Liberia (CBL), Dr. Mills Jones, for promoting financial inclusion throughout Liberia.
El-Tumu Trueh, head of Micro-Finance at the CBL, expressed gratitude to members of the VSLA who took the training and admonished them to make use of what they learned.
He said at the CBL, the administration is contemplating involving every citizen into financial management.
He also and expressed gratitude to CBL Governor Jones for promoting “Financial Inclusion” in the country.
He called on Liberians to make use of the organization to enable them get access to finance that will help them in their future endeavors.
In remarks, beneficiaries of the VSLA, through their spokesperson, Musu Kollie, lauded Madam Nagbe for the training and hoped that they would make good use of the knowledge they acquired.