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Promoting Inclusive Markets and Financial Systems

Savings Groups and their Role in Child Wellbeing: A Primer for Donor

Savings Groups and their Role in Child Wellbeing: A Primer for Donor

Summary

Savings groups (SGs) are a type of economic strengthening (ES) intervention for poor households. They are now very widespread in their outreach and implemented by nearly all major development organizations. CARE implements savings groups in 38 countries, with over 4 million group members. Catholic Relief Services has 1.35 million members in 37 countries, while Plan International reaches 1.16 million members in 26 countries. Oxfam’s Saving for Change program has 650,000 members in 12 countries. In total, there are nearly a million members in Asia, 340,000 in South America, and 9 million in Africa. Worldwide, savings groups reach over 10 million members in 70 countries.

This document incorporates findings from recent impact evaluations and other research on savings groups with promising practices from field implementation. The document draws on research from the STRIVE (Supporting Transformation by Reducing Insecurity and Vulnerability with Economic Strengthening) program, as well as from other projects. 



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