practiceActive

Community Savings and Credit Groups (GACC) in Colombia

📍 Colombia · 2012 · Corporación Vital / IED Microfinanzas

Scale
local
subnational
national
systemic

Description

Program of self-managed savings and credit groups (Village Savings and Loans model, VSL) implemented in Colombia since 2012 in seven rural departments. Groups of 15-25 people, mostly women, meet every one or two weeks to save, approve internal loans and collect payments, without depending on an external microfinance institution.

Linked evidence

Inclusion financiera en Colombia. Evaluación de impacto del programa Grupos de Ahorro y Crédito ComunitarioCuadernos de Economía, Universidad Nacional de Colombia, Vol. XLI No. 87, pp. 747-782 · 2022Evidence