This blog post was written by Megan Henderson, our Communications & Events Manager.
Yaro in his classroom.
Yaro is a primary school teacher from Tanzania who decided to join his community Savings Group back in 2019. When he first joined the Savings Group he and his family were incredibly dependent on his monthly salary and did not have additional businesses.
One of the first benefits Yaro saw in the Group was the various training that the Group offered. As an educator himself, Yaro understands that training and resources can lead to even greater success.
Within the Group, Yaro received business skills training which gave him the confidence to support his family’s business ventures. Since joining, Yaro’s been able to take not one, but four loans from his Group!
“With loans from the Group I was able to meet different needs including buying a sewing machine to support my wife in her tailoring business.
There are other small businesses my family is doing under my supervision and I know how to keep business records through the training received from the Group.”
With support from the Group Yaro’s family now has multiple, diverse income streams and are not solely dependent on his monthly salary anymore. This is crucial as ongoing global conflict is creating inflation which makes buying nutritious food for his family difficult.
“Currently there is a problem with high prices of food. When the Group meets our trainers always encourage and train us to keep enough food for the family and to not be attracted by the good prices of our farm produced cereals. Our trainers care about us (members) and our families.”
Through the Group, Yaro has a stronger sense of community as he trusts and learns from other members, and he doesn’t want to be the only one benefitting from that support.
“Training on financial literacy and the art of saving has helped me support my wife in her business and now I am encouraging her to join the Group too!”
With your support, our partners are able to reach even more members like Yaro so he, and his family, can access the resources they need to diversify their income, become more resilient and better care for themselves. Thank you for being part of that journey! If you’d like to learn more about how you can support Five Talents please click here.