WITH

An Association Villageoise d’Épargne et de Crédit (AVEC) is a group of 15 to 25 people who save together and make small loans to each other from these savings.

Savings group activities operate in “cycles” lasting around a year (9 to 12 months), at the end of which accumulated savings and loan profits are distributed among members in proportion to the amount saved.

The missions are as follows:

• Provide an opportunity to save;
  
• Offer a sustainable source of credit (financing) ;
  
• A framework for management learning ;
  
• Ensuring a community living environment (social) ;
  
• Providing a development framework for and by local players ;
  
• Creating the right framework for resilience.

Helping beneficiaries acquire financial discipline and familiarize themselves with Micro-Finance Institutions (MFIs): this helps the poor reduce the likelihood of having to sell assets prematurely.