10/14/2026
“…Speaking at the launch, WAADO Executive Director Doris Webber said the organisation would collaborate with communities to validate existing savings groups and revive those that had become inactive or were no longer functioning effectively.
She said savings boxes would be provided to facilitate the management of members’ contributions and improve access to accumulated funds.
The initiative comes against a backdrop of widespread reliance on community-based savings mechanisms. A national assessment published by the United Nations Capital Development Fund (UNCDF) in October 2026 examined 1,020 savings groups across Sierra Leone’s 16 districts. VSLAs accounted for 63.2% of the groups assessed, while approximately 74% of all groups were located in rural areas.
These findings underscore the significance of community savings structures within the country’s financial inclusion landscape. However, their effectiveness depends on sound governance, transparent financial administration, adequate savings mobilisation and reliable loan repayment…”
The Iceland-supported project will expand community-based savings and credit opportunities for women, young people and persons with disabilities across five districts. The Women’s Advocacy and Agricultural Development Organization (WAADO) has launched an initiative designed to strengthen financial...