
In its Empowerment Program YELI has launched the Village Savings and 
Loans Associations (VSLA) program to initiate savings and loan's 
competences among youth (Single Mothers, Deaf People, youth Clubs.

Village
 Savings and Loan Associations is a type of microfinance that is managed
 by communities which provide communities with access to savings, credit
 and insurance services. Association members are self-selected and 
self-governed. They meet on a weekly basis to deposit their savings. 
After five weeks of saving, members can take credit of up to three times
 the value of their savings, depending on the amount of money available 
from the savings of all of the members. Members then repay the 
association within three months, with an interest rate that is set by 
the VSLA (typically 10% of the value of the loan). The role of YELI is 
to facilitate the creation of associations, train them on the 
methodology, and provide them ongoing support during the first 
nine-month cycle of savings and credit. After this period, the VSLAs 
become independent and have little or no need of further assistance. 
Young
 people's participation on the development and employment prospects are 
essential elements in poverty reduction. Considering this, the long-term
 development objective of the project is to contribute to national and 
regional efforts for the improvement of youth economy and the promotion 
of youth entrepreneurship, determining young people as key actors in 
local development. The project aims to strengthen the capacities and the
 economic development of young Burundians from six communes of 
Bujumbura. 7488 youth organized in 312 youth groups will benefit from 
the project through participating in life skills, leadership and market 
oriented entrepreneurship trainings, and through expanding their 
networks and abilities to obtain funding for the development of their 
small enterprises. The project will improve young people's abilities to 
network, their employment possibilities and possibilities to sustain 
group activities. 

The project will be implemented through the following strategies: 
.Enhancing youth groups'knowledge and capacity on entrepreneurship, occupational and leadership skills and life skills; 
.Improving youth groups'self-sustainability and social participation; and 
.Creating a mode of operation and networking between youth groups. 
The project aims to:"Support for youth leadership, cultural identity and occupational training as a tool for development . 
in
 selected communities in Bujumbura and "Promotion of young 
adults'leadership, cultural identity as a tool for sustainable 
development in communities located in Bujumbura", which focused on the 
promotion of youth'leadership skills, in Bujumbura as a mean to support 
their Sustainable development. This project has also a component of 
market driven employment training. YELI will develop specific strategies
 in these areas.