SISWP partners with Actionaid to implement life changing economic opportunities for the women in Vanuatu.
SISWP is pleased to announce that it has signed a Memorandum of Understanding with ActionAid Vanuatu to support and enable the adoption of Women I Tok Tok Tugeta Sisters’ Savings and Loan Scheme to empower women in villages to borrow interest free money to set up or strengthen their livelihoods, food security or any activity that they are doing to bridge the gaps within their families.
Women I Tok Tok Tugeta (WITTT) is a name for the collective power of women in Vanuatu and is the means by which a united action between our Federation and ActionAid Vanuatu will provide assistance to disadvantaged women facing financial difficulties.
Women’s collectives were formed after Cyclone Harold in 2014 to play a significant role in disaster awareness and preparation. Members may recall a special appeal after this cyclone to support women in Vanuatu. This money has been difficult to dispense due to distance and lack of a reliable local contact. That contact has become available, thanks to a PNG member, and the Federation has been in negotiations with ActionAid Vanuatu to support, through the appeal’s funds, a local programme to assist women.
The Memorandum of Understanding with ActionAid Vanuatu is to establish a WITTT Sister’s Savings and Loan Scheme funded by the appeal money. This economic empowerment scheme allows registered members to borrow interest free money to set up or strengthen their livelihoods, food security or any activity they are doing to bridge the gaps in their families. A management committee drawn from the women will manage the scheme. Financial literacy will be undertaken and three types of loans will be offered. Repayments will be fortnightly as negotiated by the borrower and finance risk management systems are in place.
Regular reports from ActionAid will show how the money has been used and will ensure that women in Vanuatu are empowered and given greater economic security.