Formation of CoMSCA 4th Cycle: Strengthening Community Savings and Livelihoods

The Community Managed Savings and Credit Association (CoMSCA) is a community-driven system that creates a local pool of capital, providing members access to funds for household needs, cash-flow management, and short-term income-generating activities. Its goal is to support families in sending children to school, improving livelihoods, and ensuring the sustainability of community projects. On February 21, 2023, the 4th cycle of CoMSCA was officially launched, with 23 active community members participating. An initial contribution of Php 4,780.00 was collected from members as savings, which will also serve as a fund for loans. This initiative empowers community members to enhance financial resilience, strengthen household income, and promote inclusive economic growth, contributing to the achievement of Sustainable Development Goals 1, 4, and 8.