VSLA GROUP MONITORING OFTHE BUSINESS PERFORMANCE
Pre-Meeting Preparation
- Collect savings account statements or records from each member
- Compile and organize the savings amount data in a spreadsheet or document
- Check the VSLA group's meeting schedule for the upcoming period
- Review attendance records to identify any trends or issues
- Determine key performance indicators for the VSLA group
- Compile relevant data to compare against benchmarks or goals
During the Meeting
- Ask each member to share their current savings amount and progress towards their financial goals
- Provide feedback and guidance on how members can improve their savings habits
- Encourage members to set SMART financial goals for themselves
- Compare the group's total savings amount to previous meetings
- Identify any members who are consistently saving less or more than the rest of the group
- Discuss possible reasons for outliers and brainstorm strategies to address them
- Review the group's meeting schedule and attendance records
- Discuss any patterns or trends in attendance rates
- Identify any members who have been consistently absent and explore reasons for their lack of participation
- Ask members to share any challenges they have faced in saving money or attending meetings
- Discuss common barriers such as lack of income, emergencies, or time constraints
- Brainstorm potential solutions as a group to overcome these barriers
Use in Manifestly