VILLAGE COMMUNITY BANKING
“My life and family has changed, but the whole community has benefitted too because if you educate a woman – one lady – you are educating the whole community.” – Hadija, VICOBA member in Lushoto, Tanzania.
IN TANZANIA, Village Community Banking (VICOBA) provides a structure through which communities are able to organize themselves, provide skill-sharing, and capacity building in an effort to combat poverty. Inspired by Bangladesh’s Grameen Bank, the idea behind VICOBA is the belief that poor people have the skills, capabilities and abilities to improve their own economic development and social welfare.
In a field that is increasingly becoming dominated by corporate models of development, these stories provide examples of alternative models that are based on the dignity and ingenuity of the people. These women-led initiatives empower communities to find local solutions to their own local problems. These often-untold stories of community role models transforming their own communities are at the heart of a stronger, more inclusive, healthier and more socially just model of international development.