“At first I didn’t believe if it was possible to save money and be able to generate more and more through a savings group, but after joining I came to realize that these groups are very useful and so many things can be solved easily compared to past times. We came together to share different ideas and be able to help one another, and the cooperation between us is very big” Roy
Many great ideas remain dreams due to a lack of funding for youth in Tanzania. While many feel like they don't have enough money to save for the future, initiatives like Trust Groups in partnership with Five Talent UK are making a positive impact.
For instance, in Morogoro, the implementation of youth savings groups has shown promising results. This success has motivated the organization to expand its reach, with plans to establish 21 youth groups by 2024 and 31 youth trust groups by 2025.
The integration of Trust Groups has provided a platform for young individuals to pool their resources and support each other financially. This collaborative effort not only fosters a sense of community but also enables them to achieve their financial goals collectively. By joining forces, these youth are not only saving for their own futures but also contributing to the overall economic development of their communities. This model not only addresses the immediate financial needs of the youth but also instills a culture of saving and investment for the long term.
Through the partnership with Five Talent UK, the youth are not only accessing financial resources but also gaining valuable knowledge and skills in financial management. This holistic approach ensures that the impact of the program extends beyond mere monetary transactions.
As these youth groups continue to grow and prosper, they are becoming self-reliant and empowered to take control of their financial destinies. The journey from dream to achievement is not an easy one, but with the collective effort and support provided by Youth Savings & Loan Associations, these young individuals are well on their way to realizing their aspirations and transforming their communities for the better.