Building assets together the potential of savings groups nelly-otieno

  • 66 views
Uploaded on

 

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
66
On Slideshare
0
From Embeds
0
Number of Embeds
0

Actions

Shares
Downloads
1
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. BUILDING ASSETS TOGETHER The case of Savings Group Bank Linkage Project - YouTube
  • 2. Introduction of Saving Groups: This is a group managed micro finance in which group members mobilize savings and access credit from personal savings. •Targets those at the bottom of the pyramid who cannot easily access financial services from formal financial institutions. •People mobilize own savings and access credit from personal savings. •There is ‘NO’ interjection of funds from outside. In Kenya 78% of the beneficiaries are women. But, we are seeing people dropping from formal financial institutions and especially MFIs to join savings groups as we also see savings group members graduate to formal financial institution, but still deeply rooted in the groups.
  • 3. • Any country’s wealth lies primarily in her people. • In developing countries the majority of a country’s people are at the bottom of the pyramid; home to illiteracy, poverty, diseases, lack of information and of course hit more by effect of climate change.
  • 4. Savings Group Wealth creation Information Investment Incentives Implementation support Inclusive business
  • 5. Asset building Money is one form of power, but what is powerful is the understanding on how to use/ manage/ invest that money. Money comes and goes, but you have the education about how money works, you gain power over it and can begin building assets. • By enabling individuals to engage in businesses, access information, and finances, Savings groups UNLEASES people’s potential. • Savings group enables members/People to direct their own steps in development and therefore can direct steps in the nations development. The long journey to asset building starts with savings group.
  • 6. • • • • • • Impact Education – school fees and building early childhood schools People graduation from micro and to small enterprise Confidence building- politicians Women going into business Women buying land Employment creation
  • 7. Clean energy value chain Unleased potential
  • 8. With Unleased Potential & Own Steps in development: • National scale up • Government recognizing the power of savings group- President signed a document on TABLE BANKING (SGs) and already called for proposals for capacity building to women and youths in SGs • Banks recognizing – this is the way • Network service providers not left out.
  • 9. • THE POWER OF SAVINGS GROUP IN ASSET BUILDING. THANK YOU