Digital Wealth Hub

How Village Saving Groups (VSLA) Really Work — My Experience from Rural Uganda Village Savings and Loan Associations (VSLAs) have become one of the strongest community-based financial systems in Uganda. In this article, I share real experiences and explain how these groups operate, how they empower rural people, and why they are often more effective than banks. 📌 Table of Contents Introduction How VSLAs Started Taking Root Early Challenges and Lessons Learned How a Typical VSLA Operates 1. Group Membership 2. Saving Books and Recording System 3. Leadership Structure 4. Loan Application Process 5. Interest Rates 6. Loan Duration and Repayment 7. Fast Loan Access Why VSLAs Are Transforming Rural Communities Why VSLAs Often Perform Better Than Banks Final Thoughts Introduction Across many communities in Uganda and other parts of Africa, a powerful financial tran...

How I Turned $100 Into Multiple Small Businesses: What Worked, What Failed, and The Lessons I Learned in My First Six Months Introduction When most people talk about starting a business, they imagine needing a large amount of capital, a bank loan, or financial support from relatives. But my story is completely different. I began with only $100 , zero loans, and no one monitoring my decisions. I relied on one thing —the determination to think creatively and use whatever was within my reach. During my first six months of experimenting with small business ideas, I discovered a surprising truth: capital matters, but strategy matters more . Some ideas failed terribly, but others worked better than I ever expected. In this article, I share the exact businesses I started in Uganda, the strategies behind them, the profits, the mistakes, and the lessons that shaped my journey from beginner to confident entrepreneur. ...