In February 2024, all four Village Saving and Loan Associations (VSLAs) formed by the Dedo Integrated Development Association successfully conducted their monthly saving program. Subsequent to this, the four associations convened a joint meeting with representatives from the Woreda Labor and Social Affairs Office, including the office head and experts. This collaborative gathering provided an opportunity for an invaluable exchange of experiences and consultations, laying the groundwork for charting a clear direction for future endeavors.

The program of the day was meticulously executed, culminating in a unanimous consensus among participants regarding the paramount importance of saving. Embracing the motto “Let’s cultivate our saving culture and save together,” the unions reiterated their dedication to nurturing a culture of savings within their respective communities.

The meeting provided a platform for the VSLAs to share insights and best practices, enabling them to learn from each other’s experiences and achievements. The collaborative spirit that emerged from this gathering has laid a strong foundation for the continued success and growth of the VSLAs. The involvement of the Woreda Labor and Social Affairs Office and experts underscores the commitment to supporting and empowering grassroots initiatives aimed at economic development and financial inclusion.

The emphasis on enhancing the saving culture within the community reflects a forward-looking approach, with the VSLAs recognizing the transformative power of collective savings. By encouraging a culture of regular saving and prudent financial management, the VSLAs aim to not only secure the financial well-being of their members but also to drive broader economic empowerment and resilience within the community.

Moving forward, the VSLAs are poised to implement targeted strategies to promote savings and expand their outreach, with a focus on inclusivity and sustainability. This collaborative effort marks a significant milestone in the journey toward financial independence and self-reliance for the members of the VSLAs, reinforcing the ethos of unity and mutual support that underpins their collective endeavours.