April 27, 2012, 12:19 pm -- /EPR NETWORK/ -- Online payday loans provider Payday Express is continuing to support the Build Africa charity as part of an ongoing partnership.
Payday Express currently sponsor the charity’s Village Savings and Loan Associations project, which is made up of self-managed groups of people whose members pool savings to help those in need. These groups receive no external capital and use what they have to provide members with a safe place to save their money, access to loans, and a place for them to contribute to a welfare fund.
Payday Express believes that the charity gives families the opportunity to save and invest their way out of poverty. The online payday loans company makes payments every two months, which will help to establish six Village Saving and Loan Association (VSLA) groups in a year.
Kristina Winch, administrator at Payday Express, said: “The donations we provide to Build Africa helps communities transform their futures.”
And success has already come as a result of this sponsorship, with money going towards helping Top Ten – a new savings and loan group set up by Build Africa in a poor rural village in Uganda. The Top Ten group has 30 active members, one of whom is Suzan.
Suzan saves 5,000 Ugandan shillings each week (equivalent to approximately £1.20) and borrowed from her group when she and one of her six children became ill. The money was used for medical help which she would otherwise not have been able to afford, and to rent an acre of land on which to grow maize.
Call centre manager at the payday loan company, Carl Mountain, said: “Payday Express staff donate to various charities month to month, but it’s great that in addition to this the company regularly sponsors such a great cause as Build Africa, to help communities in Africa save their way to a better life.”
Find out more about Build Africa’s Village Savings and Loans Associations here: http://www.build-africa.org/pages/village-savings-and-loans-associations.html
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About Payday Express
Payday Express is one of the UK’s leading payday advance loan providers, offering an online service to help employed people across the country get access to a payday advance loan and access to emergency payday loans. The company is committed to responsible lending and provides customers with a discreet and reliable service that will cover their short-term credit needs.
For further information contact:
Telephone: 0800 652 4661