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We are one of the largest facilitators of informal village savings and loans groups globally.
Our solution was four banking products which enable savings and loans groups to open accounts with Barclays in five countries in Africa.
The evolution of SHGs from savings and loans groups to become an access point for political decisionmaking and natural resource management is truly astounding – but not all groups are able to step up to taking on the broader development and local governance challenges.
Enrolled close to 3,000 individuals in village savings and loans groups, which are designed to help the mitigate economic vulnerability that often accompanies HIV diagnosis.
FVS layered their family planning messaging on top of village savings and loans groups which provide opportunities for families to save money and access capital for small businesses.
Communities have existing systems for supporting one another through informal networks, such as coming together to assist families with weddings, during disasters or funerals, or through formal mechanisms such as women's, agricultural, or savings and loans groups.
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The remainder will continue to report to Barbara Desoer, who currently heads the home loans group.
Two years ago he became chairman of sub-prime car loans group Moneybarn, where he is also a shareholder.
The claims of commercial creditors, including loans grouped under the London Club and other private claims, total a further $12 billion.
"Customers don't like to carry debt, and there's de-leveraging going on," said Brent Vallat, head of Wells Fargo's credit card, lines and loans group.
Actions included closing loan centers outside of its retail banking states in 2004, selling 30 percent of its loan-servicing portfolio in 2005, and cutting home loans group staffing by more than 50 percent from 2003 to 2007.
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