SCAs on average

After visiting three Rwandan dioceses and their respective savings and credit associations (SCAs), we are beginning to get a picture of what the average group looks like. Of course, we haven't seen enough groups to be scientific about all of this, but again, we're getting a picture. There are lots more stories forthcoming that illustrate what individual groups may look like, and in the next post, what group members actually buy with their savings and loans.

SCAs ON AVERAGE

18 Group members

5:1 Ratio of ROSCA (rotating) contributions to ASCA (accumulating) contributions

8:5 Ratio of groups contributing monthly to groups contributing weekly

MONTHLY-MEETING GROUPS

1,800 RWF ($3.27 USD) - Monthly individual contribution, ROSCA + ASCA

21,000 RWF ($38.18 USD) - Monthly group contribution, ROSCA + ASCA

ROSCA

1,500 RWF ($2.73 USD) - Monthly individual ROSCA contribution

18,000 RWF ($32.73 USD) - Monthly group ROSCA contribution

ASCA

300 RWF ($0.55 USD) - Monthly individual ASCA contribution

3,000 RWF ($5.45 USD) - Monthly group ASCA contribution

WEEKLY-MEETING GROUPS

350 RWF ($0.64 USD) - Weekly individual contribution, ROSCA + ASCA

5,800 RWF ($10.55 USD) - Weekly group contribution, ROSCA + ASCA

ROSCA

300 RWF ($0.55 USD) - Weekly individual ROSCA contribution

4,000 RWF ($7.27 USD) - Weekly group ROSCA contribution

ASCA

50 RWF ($0.09 USD) - Weekly individual ASCA contribution

1,800 RWF ($3.27 USD) - Weekly group ASCA contribution

**Remember, ROSCA goes to one member each week; ASCA goes into a loan fund or bank account.