Payday Express, a British provider of short-term consumer finance, is helping to promote the saving habit among hard-pressed villagers in Uganda and Kenya, through regular donations to the Build Africa charity.

Build Africa aims to establish a better long-term future for people in rural Uganda and Kenya by investing donations to build and develop schools and education, and by empowering adults to save their way out of poverty and make emergency finance accessible to community members.

Payday Express, a leading provider of fast payday loans in the UK has set up a monthly donation to Build Africa to sponsor the set-up of Build Africa village savings and loan associations (VSLAs).

These associations are set up and run as self-managed groups that work by pooling the savings of the group members. They offer members a safe haven for their money, which is in turn used to provide small loans for members, and helps maintain a welfare fund, offering short-notice emergency financial help to those who need it.

This month’s donation from the payday loan provider will go to support Umoja B VSLA group based in Kiryandongo District in Western Uganda.

Over the next year the funds donated each month by Payday Express will help Build Africa set up six VSLAs.

Payday Express administrator Kristina Winch said: “It feels good to work for a company with a strong focus on social responsibility. “We regularly donate money to various charities with our ‘pay a pound to dress down on Fridays’ programme, along with other ad hoc initiatives.

“But it’s great to be developing a long-term partnership with one charity that’s doing such a great job to help poor people improve their own futures.”

Operations manager Sarah Carroll added: “The work that Build Africa is doing with the VSLA projects to help poor families save and invest their way out of poverty is commendable, and we can’t wait for our donations to extend their reach into more communities.”

Via EPR Network
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