(1) Vendor needs to provide village savings and loan system training service to the government authority located in Arkansas.– To conduct Training–of–Trainers to Facilitators and Implementation to farmers’ Cooperative Groups.– Savings – Group members contribute regular savings to a group fund, which is then used to provide loans to members in need. These savings are typically kept in a secure location, such as a lockbox or a bank account.– Loans – Members can borrow from the pooled savings to invest in income–generating activities, such as small businesses, farming, or education. Loans are typically provided at low interest rates and with flexible repayment terms.– Social Capital – Beyond financial benefits, this solution fosters a sense of community and solidarity among members. They provide a platform for networking, sharing knowledge, and supporting each other's endeavors.– Financial Education – The Village Savings and Loan System (VSLA) model also often includes financial literacy training, teaching members about budgeting, saving, and managing debt. This knowledge equips individuals with the skills to make informed financial decisions and build a better future for themselves and their families.(2) All the questions must be submitted no later than February 7, 2025.
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