The role of ISALS on financial inclusion of rural women in Shamva Ward 3.

Author

Chirungurira, Bridget R.

Title

The role of ISALS on financial inclusion of rural women in Shamva Ward 3.

Abstract

This study examines the role of ISALS in promoting the financial inclusion of women in Shamva Ward 3, using the Sustainable Livelihoods Approach (SLA) as the guiding theoretical framework. The SLA provides a comprehensive lens through which to understand how individuals and households. ISALS are analyzed in terms of how they enhance access to financial capital (through savings and loans), social capital (through group networks and mutual support), and human capital (through improved financial literacy and confidence), thereby contributing to more sustainable and resilient livelihoods for rural women. The research adopts a qualitative approach, gathering data through in-depth interviews and focus group discussions with 20 selected women involved in ISALS across selected rural communities. Findings reveal that ISALS have significantly improved women's access to and control over financial resources. Participants reported being able to save regularly, borrow for productive and emergency needs, invest in small businesses or agriculture, and support household expenses such as school fees and medical bills. Many women expressed increased confidence, greater participation in household and community decisions, and improved financial management skills. However, challenges remain, including limited capital accumulation, inconsistent group governance, loan defaults, and lack of formal financial linkages. Despite these constraints, ISALS continue to provide an essential platform for rural women to build resilience, diversify their livelihoods, and reduce vulnerability to economic shocks. The study concludes that ISALS are not only informal financial instruments but also powerful drivers of sustainable development when supported and integrated within broader livelihood frameworks. It recommends increased policy support for ISALS, capacity-building for group management, and the development of linkages with formal financial institutions to enhance their impact.

Date

June 2025

Publisher

BUSE

Keywords

ISALS

Rural Women

Financial Inclusion

Shamva Ward 3

Supervisor

Mr. J. C. Magocha