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Promoting Inclusive Markets and Financial Systems

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Saving Money, Saving Lives

by on Mar 19, 2014  |  posted in Populations, Savings, Vulnerable Populations  |  7 Comments


The synergy that exists between development agents that need distribution channels for their messages and groups that want to engage in self and/ or community improvement presents a win-win situation.

Saving Money, Saving Lives: Savings Groups for HIV/AIDS Affected Populations looks at savings groups beyond an effective model for member-managed savings and credit services and shows the promise these groups have as a strategy for the delivery of integrated services targeting improved household welfare and community development. Jason Wolfe, Senior Household Economic Strengthening Advisor at USAID, and his colleague, Dionisio Matos, USAID/Mozambique, discussed the opportunities and challenges of incorporating savings groups into integrated service delivery channels for HIV/AIDS affected populations.

Taking Savings Groups on the Road is a collaborative effort between the Carsey Institute, the SEEP Network and Oxfam America to revive some of the informative and dynamic discussions from the SG2013 Conference and delve into new topics at the forefront of savings groups.

We will be announcing the next webinar in the "Taking Savings Groups on the Road" series soon!

7 Comments

Temesgen Zana says:
Mar 03, 2014

Thanks friends, I had a great learning time with this webinar.

John Kamona says:
Mar 03, 2014

The webinar is a great material. It gives an insight on how we can program the savings groups activities that can impact the community. The major lesson that I have learnt is that without Household Economic Strengthening, biomedical services will not assist communities affected with HIV to be resilient to HIV.

Very interactive session.

James Wabwire Agoro says:
Mar 03, 2014

I would like to express my gratitude to the organizers of this Webinar.
I am very pleased to note that in responding to some social challenges, like HIV and aids, dealing with stigma is very critical and having a heterogeneous selection for the program participants is a point that has been well articulated in this sharing.
Secondly, I noticed that just like the people who probably do not have any social economic challenges similar to people with certain levels of vulnerabilities-we all must save for a purpose. We do not save necessarily because we are poor but rather to address a need in our lives. So that when we want to monitor progress, we would then go to how many social needs focused savings have been established in a Group Savings and Loans scheme. That we are able to assist the groups articulate their priority and putting on the continuum of time over needs met we are able to say how this group or the other has advanced.
It was a very enriching sharing experience for me.
At GOAL Kenya, where we intervene in the informal settlements of Nairobi and our desire to have a behavior change programming incorporated in our programs, the statement behavior a statement such as this “Save for a house” would be a statement we can measure over a certain period of time.
Thank you.
James Wabwire Agoro.

Solomon Wole says:
Mar 03, 2014

I do agree with the experience of Mozambique. The TransACTION programme, – HIV/AIDS prevention programme that was initiated in 120 towns in Ethiopia,was successful in mobilizing saving groups most of which were sex workers, – currently there are 740 saving groups with membership of 12453, (55% women) and saving of about $ 0.5 million. Over 3000 small businesses are operational. As a strategy of household economic security economic strengthening intervention should along with the type of target group, culture, income level, etc. This is also true to saving groups. For example as our primary target groups were sex workers, one of the major challenge was how to encourage mobile sex workers to be organized in saving groups. One approach we adopted was encouraging them to organize into saving groups but saving be made in formal financial institutions, individual accounts. Again the issue of identification for opening saving account was the offshoot challenge, which we overcame by collaborating with the local governments.
Finally I want to take this opportunity to thank the organizers and presenters and hope that such discussions will continue as these are important for cross fertilization of experiences and knowledge among project implementers and practitioners.

John Kamona says:
Mar 03, 2014

This is a great material. Very educative and practically informs all programmers. Great work.

Fatoumata Traore says:
Mar 03, 2014

Very important tool for learning.

Anteneh Girma says:
Apr 04, 2014

Thanks for the lessons, they are very informative. I particularly liked the self selection approachesas well as approaches taken to reduce stigma among the saving groups.

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