Building assets together the potential of savings groups nelly-otieno
BUILDING ASSETS TOGETHER
The case of Savings Group
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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
•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.
• 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
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.
Education – school fees and building early
People graduation from micro and to small
Confidence building- politicians
Women going into business
Women buying land
With Unleased Potential & Own Steps in
• 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.
• THE POWER OF SAVINGS GROUP IN ASSET