Since joining the VSLA in her community, Fanna has been able to consistently save money, which has in turn enabled her to borrow at low interest rates to help expand her food vendor business. The main aim of VSLA is to jumpstart a process of economic recovery of women, men, and youths through cash grants, which will enable them to start up or expand their various business and also a means to invest in the wellbeing and future of their households. Without the VSLA fund, Fanna would have had to rely heavily on humanitarian support even though she has skills to provide for herself and her kids. Her daily business now offers her the opportunity to feed, clothe and take care of her family.
“I am utterly grateful to UNDP and the EU for the opportunity enabled me to do what I have a passion for,” Fanna continued, stirring her pot of soup with a smile on her face. “I have been doing this business for a very long time before it collapsed but this fund has helped to reactivate my means of livelihood”.
With the loan from VSLA, about 315 businesses were established, out of which 179 were female owners, in the communities supported under the project including Dalori. The areas of businesses include livestock, trading, hair dressing and tailoring.
Ali Tela, a 55-year-old man from Dalori community in Borno State, is also a beneficiary of the VSLA loans. Married with 17 children, Ali was a victim of the insurgent attacks which cost him his means of livelihood.