From saving in boxes with 3 padlocks to mobile wallets
“Last year, thieves broke into our house and stole our money box. We were unable to tell how much was in the box because we have different people’s money in tins and small sacks inside the box”, noted Stella Nyaaba, Leader of Anafobiisi Asongtaaba Leligo Cooperative.
Women in most societies play a crucial role as food producers, providers and managers. In rural Ghana, women are usually responsible for harvesting, processing, and marketing farm produce.
To save proceeds generated from their agri-businesses, most women in Northern Ghana form Village Savings and Loans Associations (VSLAs), where they save money in boxes that are usually locked with three padlocks for security. Though the women groups solve their basic financial challenges through the VSLAs, there are issues of poor and inaccurate records keeping, and security as narrated by Stella.
From saving in boxes with 3 padlocks to mobile wallets
“Last year, thieves broke into our house and stole our money box. We were unable to tell how much was in the box because we have different people’s money in tins and small sacks inside the box”, noted Stella Nyaaba, Leader of Anafobiisi Asongtaaba Leligo Cooperative.
Women in most societies play a crucial role as food producers, providers and managers. In rural Ghana, women are usually responsible for harvesting, processing, and marketing farm produce.
To save proceeds generated from their agri-businesses, most women in Northern Ghana form Village Savings and Loans Associations (VSLAs), where they save money in boxes that are usually locked with three padlocks for security. Though the women groups solve their basic financial challenges through the VSLAs, there are issues of poor and inaccurate records keeping, and security as narrated by Stella.