Women are formed in to groups of a maximum of twenty-five (25), where members make saving contributions to the pool and can also borrow from and act as surety to each other. This came as came as the result of women not having access to formal financial systems and loans in the rural communities.
The saving and loan groups has become a good access of finance for the women and the women act as surety to each other, in order to access products and be able to access consumer financing for payment in installments.
Roshan currently manages sixty (60) groups of 25 members each in Bauchi state. The group comprises only women. Roshan also provides consultancy services in forming and managing women savings and loan groups.
The women in the group have access to:
Business development training by Roshan to build their businesses
Have access to clean and environmentally friendly products for both domestic and business purposes with the options of consumer financing and also benefit from access to finance through Roshan’s partnership with Sterling Bank.
Have access to counselling and support on social issues such as domestic violence and gender inequality.