We now have 51 groups (1 is still in training) with over 450 members in four townships areas; Jeffreys Bay; Thornhill, Humansdorp and Hankey. Three of the groups have graduated and operate on their own.As of April, members’ equity (savings plus interest charged on loans) reached R 266,077. Return on savings is 22%. The potential level of loan taking may seem limited given the average amount of savings per member to date (R 409); but the true picture is revealed by looking at capital turnover (cumulative value of loans disbursed in relation to savings). For example, though cumulative savings is R 217,070 as of April 2010, the total value of loans disbursed to date amounts to R 363,035. (read more)

Read a few stories written by the project Training Officers….enjoy…read more

Read a story told by Thembekile Tafi – Training Officer…read more

There are 3 training officers that work in the community, so here are some of the challenges that we come across with…read more

This quarter the Training Officers were successful in bringing up the number groups. All this was due to the field trips and the mobilization efforts of some of our group members.  Also we held our third Field Day, it was very successful drawing a large crowd of people.  Preceding the Field Day was a contest where by each group was invited to send in their proposed name. The new name of the CMSL Project was announced at the Field Day- Mpendulo Project-Save ‘n Grow. Also finalized arrangements with Pellsrus Primary School, only 2 groups came from there and onl one has started saving. Some comments made about the project during the groups’ presentations at the field day….read more

Click on read more to read about small signs that the project might be making a difference.

Happy New Year to all readers! For a recap of last year click on read more

On Thursday, December 4^th 2008, NMMU’s Community Managed Savings and Lending project held its second Field Day. This event consists of calling together all the existing groups so they can present their accomplishments to community members and project stakeholders. Each group presented it accomplishments and each group also described how they have benefited from their savings and lending activities…read more

For the latest update on our groups click on read more