BUILDING ASSETS TOGETHER

The case of Savings Group

Bank Linkage Project - YouTube

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.

• 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.

Wealth creation

Information Investment

Incentives Implementation support

Inclusive business

Savings Group

Asset building

• 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.

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.

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

Clean energy value chain Unleased potential

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.

• THE POWER OF SAVINGS GROUP IN ASSET BUILDING.

THANK YOU