In the Mueda district in northern Mozambique, five agricultural associations are changing the way they manage their profits through the creation of savings systems. From Alliance for Mozambique Solidarity with the AECID Convention "Creating sustainable and inclusive economic opportunities and alternatives in Mozambique", work is underway with the communities of Ngapa, Micalale, Namaua, Mpeme and Nanhala.
Farmers and peasants have trouble managing their savings, as the money they earn each week spends it immediately. This situation makes it difficult for them to invest in their lands to increase production, improve infrastructure or buy the material they need.
For this reason, since the Alliance for Solidarity, there have been fostered community savings and investment systems that allow associations to have a small capital to acquire supplies, expand crop areas and deal with unplanned events.
In addition, this initiative has positively influenced community ties, as people meet once a week, each depositing an amount based on their earnings in three boxes: one of savings - containing the extra profits of the members- another of fines - when they fail to save to repay loans on time, they have to pay interest that is kept in this box - and one last Social Fund – aimed at supporting those who are struggling financially through loans.
An example is lmicalale association, every Saturday they meet in the president's house to carry out this activity that has already become a habit, due to his will and high level of commitment. In this partnership especially among women who manage to save every week. They are respected and admired by all members.
Thanks to these savings systems that have been in place for a year, some associations have managed to save up to 1000 euros, depending on the number of members they have and the commitment of the people. No doubt a great basis for development communities with a resilience approach.