Burundi: The role of Savings Groups in the Midst of Crisis

Despite all the upheaval in Burundi, Plant With Purpose’s programs there continue to function much as before, with the exception of those closest to the capital, where the violence has been the worst. One thing that we are quite interested in understanding better is how the work we are doing in communities is helping people weather the current upheaval, helping them to continue to farm their land and to maintain trust in their communities. One statistic that we track very closely is the average weekly savings rate across the program. We currently have 6,500 families in 268 groups. The savings rate over the last six quarters is shown here:

Burundi Crisis Savings

What does the increase in savings rate mean? While it might reflect a measure of fearfulness and lack of opportuntity to invest money on things like crop inputs, hopefully it also reflects the deep level of trust amongst that VSLA groups help to foster. One would also hope that the trust fostered by these groups could also help prevent a deepening cycle of violence in Burundi.

A Village Savings and Loan Association (VSLA) meetings in southern Burundi

A Village Savings and Loan Association (VSLA) meetings in southern Burundi

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