Village Saving and Loan Association (VS&LA)-Tsalka and Ninotsminda Municipality

Within the frame of the project “Strengthening climate resilient livelihoods of ecological migrants and potential ecological migrants in five communities of Georgia” seminar on the principles of functioning of Village Saving and Loan Association (VS&LA) was conducted  in Trialeti, Kavta, Spasovka and Gorelovka communities of Tsalka and Ninotsminda Municipality.

The aim of  VS&LA is to  create a simple system of savings and loans for rural residents who do not have access to official financial services and resources.

In addition to overcoming the vicious circle of poverty  introducing community-based financial mechanism will support the  community members to strengthen their capacities in  adapting  to Climate Change and DRR impacts, through embedding renewable energy technologies in local economy.