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Promoting Inclusive Markets and Financial Systems


The Future of Savings Groups in Mozambique: A New Vision for Scale and Sustainability

Sponsored by  SEEP


Radisson Blu Hotel, 141 Av. Marginal
Maputo, Mozambique
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Jun 21, 2017 (Wed), 8:00am-5:00pm


This national stakeholder meeting is hosted by the Savings Groups Evidence and Learning Initiative – an initiative of the SEEP Network and FSD Africa – in collaboration with FSDMoç.

Over the last 25 years, development organizations have trained a total of approximately 700,000 Savings Groups consisting of at least 14 million members in 75 countries.  A growing and increasingly robust body of evidence suggests that participation in Savings Groups contributes to increased savings, access to credit, asset accumulation, business investment, consumption, food security, social capital and resilience.  Despite these achievements, the sector faces several constraints.

The cost of forming and training Savings Groups in Mozambique has declined significantly over the last decade, to about $40 per member.  Nevertheless, over 8 million adults in Mozambique do not have access to any form of financial services – formal or informal – and reaching scale based on current models is prohibitively costly.

Savings Groups are increasingly used as a platform for the delivery of other development activities, including health, education and formal financial services.  While promising, the combination of Savings Groups with other development activities introduces risks and good practices are not yet fully understood.

Most Savings Groups continue to operate for several years beyond the period of training and supervision.  However, a non-negligible number of groups disband for various reasons, including inadequate support services.  And the absence of formal rules, standards or regulation in the sector raises concerns with respect to consumer protection.


The purpose of this meeting is to propose a new vision for the promotion of Savings Groups in Mozambique, based on a market systems approach – identifying current challenges, promising innovations and stakeholder priorities.


Participants are kindly requested to confirm their participation at fsdmoc@fsdmoc.com, by June 14.


08:00 - 08:30      Registration and networking

08:30 - 08:45      Opening remarks

                                        Esselina Macome, Policy Advisor, FSDMozambique

08:45 - 09:15      State of the sector:

                                        Launch of the FSD Mozambique national Savings Group map

                                        Eileen Miamidian, COO, AYANI

 09:15 - 09:45      Applying a market systems approach to Savings Groups

                                        David Panetta, Program Director, The SEEP Network

 09:45 - 10:45      Group formation and training

                                        Gabrielle Athmer, independent consultant

                                        Tiago Borges, SOMA, (UX and Aga Khan Foundation Partnership)

                                        Leia Bila, Head of Department of Rural Finance, National Directorate for Promotion of Rural                                           Development 

 10:45 - 11:00      Break

 11:00 - 12:00      Group operations and access to ongoing support services

                                        Gabrielle Athmer, Independent Consultant

                                        Andrew Mnjama Mwikamba, Financial Services Consultant, Sterling Micro - Kenya

 12:00 - 13:00      Norms and standards: SG Programme Quality Guidelines

                                        SG Programme Quality Guidelines

                                        Gabrielle Athmer, Independent Consultant

 13:00 - 14:00      Lunch

 14:00 - 15:30      Savings Groups as a platform for financial and non-financial services

                                         Linda Porto, Mobile Banking Project Officer, Ophavela

                                         Chipiliro Katundu, CEO, Letsego Bank

                                         Alcidio Faria, Program Manager, Ophavela

                                         William Díaz, Sustainable Economic Development, GIZ

 15:30 - 15:45      Break

 15:45 - 17:00      What is the future of Savings Groups in Mozambique?

                                         Henriqueta Hunguana, Managing Partner, ICC


Helder Buvana, Market Development Manager, FSDMoçambique

Anabela Mabota, Knowledge and M&E Manager, FSDMoçambique

seep      fsdmo      fsdafrica      ukaid

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