SOYVO conducted capacity building training through VSLA groups for entrepreneurship and small business management in Ainabo and Burao distracts, Somaliland;The Village Savings and Loans Association (VSLA) is a low-cost financial service founded on the principle of fund pooling, designed to serve the very poor whose income is irregular and high risk to MFIs.
The training contents and topics covered including the concepts of entrepreneurship, advantages of self-employment, entrepreneurship entrepreneurial traits, characteristics, imagination, innovation, creativity of an entrepreneur
Moreover, VSLAs provide people, no matter how remote or poor, with access to small amounts of local capital on flexible terms and to transact such loans frequently at very low risk and negligible cost.
