Saving for Self Reliance - Control Group Baseline
This is the third of a series of studies to be carried out in Cambodia that will test the following assumption: training small informal groups to mobilize savings and lend these to members at low interest will prove to be a useful strategy for delivering financial services to rural villages largely out of the reach of microfinance institutions. Furthermore, participation in these groups will lead to measurable improvement in income, livelihood and social capital.
Saving for self-reliance in Cambodia is designed to support CEDAC’s initiative to address the needs of the rural poor by helping them access funds with which they can invest in the improvement of their livelihood. The concept behind this project is that “local development depends on every individual of local people to join hands to mobilize their resources, solve their own problems, and make their own destinies”. Thus, saving for self-reliance in Cambodia not only provides a safe place for rural people to save and lend money, but also helps build community solidarity, provides a forum for local people to discuss and make decisions on certain subjects, and recalls the culture of cooperation that was destroyed during the war period.
As a saving project in Cambodia was already started by CEDAC, the intensive support provided by Oxfam America seeks to both strengthen the existing Cedac saving groups and to scale up the approach by forming new groups. Oxfam America provides additional support with staff training, close supervision, and by monitoring and evaluating the Saving for Self-Reliance (SfR) program.
In order to accurately measure the impact of the project (with and without SfR), CEDAC is interested in gathering a control group baseline. This assessment aims to gather measurable and comparable results in terms of livelihood improvement indicators. With these results, we hope to measure group changes and to compare the impacts of SfR beneficiary groups.
The specific objectives of the study are:
- To compare those who participate in CEDAC and SfR to the general population in the village.
- To compare villages that have received assistance from CEDAC with those that have not.