Savings E- workshop Dec 2014 slides

How to build Savings Group in 2 hours

and other breakthroughs in Financial Inclusion

William Maddocks, Program Director, Sustainable Microenterprise and Development

Jeffrey Ashe, FellowCo-author of In Their Own Hands: How Savings Groups Are Revolutionizing Development

Feel free to live-tweet the session @MicroCredSummit, @Carseyschool, @FundaCapital and #Commit100M !

You can use the Q&A box on the top-right to send questions to the Panelists.

Jong- Hyon Shin, Country Project Coordinator, Dom. Republic

Campaign Commitment

• Research that measures the impact of Savings Groups in creating social capital, empowerment, resiliency and community action, and also risks or unanticipated negative effects.

• Research how Savings Groups spread within and between communities to identify conditions that lead to the spontaneous replication that can be the key to large-scale expansion.

• Research how Savings Groups can serve as platforms for other development inputs.

Feel free to ask a question to the panelists using the Q&A box on the right

Campaign Commitment

• Broadcast a package of innovations in Savings Groups design and delivery to improve performance and accelerate adoption principles and practices at a breakthrough level of effectiveness and efficiency creating massive uptake of Savings Groups methodology across Africa and beyond.

• Research how combining asset building strategies of conditional cash transfers with Savings Groups may reduce extreme poverty and build livelihood options for women and their families.


1) 2 hour trainings to start savings groups

• It’s possible to form a strong SGs in 2 hours (with pre-arranged group identification & simulation) as long as the group has social capital and respect to basic principles.

• Reinforcement and follow up help groups remain strong.


2) Savings groups and Conditional Cash Transfers (CCTs)

• CCTs based SGs are effective and efficient:

-social capital present,

-structure for follow-up and reinforcement in place,

-can help achieve scale. (33 million in Latin America)


3) SG-led financial inclusion

• SGs and banks are complementary. The more mature the group is, the more open to bank linkage.

• In 8 months, 33% of accounts received deposit, average savings USD 72.31, increase in savings by 48%


Shared Vision of SG Practitioners

• Currently 10.5 m SG members

– 525,000 groups, 177,000 villages, 65 countries

– Managing $270 million, $81 million profits

• Objective 50,000,000 SG members by 2020

– 2.5 million groups, 833,000 villages

– Managing $2.3 billion, $700 million in profits

• Cost:

– $1,000 to $2,000 per village of 1,000 (2-10 groups)

– $1 to $2 per villager – impact community wide


Mapping SfC & FLAIR: Using GIS in

Mali and Cambodia8


Principles Of“In Your Own Hands Development”

• Scale is necessary

• Less is more/ Simple is better

• Build on local traditions

• Increase efficiency - lower costs

• No giveaways

• Local control

• Set standards of performance

• Embrace learning, innovation


Join the Carsey School of Public Policy and Fundacion Capital in announcingYOUR CAMPAIGN COMMITMENT: mcs2015.org/commitonline

Feel free to contact us : [email protected]

Don’t forget to tweet your takeaways of this E-workshop @Carseyschool @FundaCapital @Jeffrey_Ashe @MicroCredSummit #Commit100M

How to build Savings Group in 2 hours

and other breakthroughs in Financial Inclusion

To learn more on Savings Groups, read Jeff’s book: In Their Own Hands: How Savings Groups Are Revolutionizing Development

http://intheirownhands.com/

http://mcs2015.org/commitonline

mailto:[email protected]

Economy & Finance

Savings E- workshop Dec 2014 slides