Videos and mobile-based tools complement staff training and provide continuous support to SG trainers. These tools may reduce training costs, improve the capacity of SG trainers, and reduce trainer needs for sustained technical assistance. Mobile-based tools have the potential to reduce the cost of training Savings Groups, improve training methods and group quality, and create a community-based mechanism for sustained replication.
There is much enthusiasm about the digitization of Savings Groups. Digital record-keeping has the potential to reduce meeting times, safeguard group and individual records and simplify calculations as well as the exit and entry of members. And various technologies have been introduced to Savings Groups to engage with external service providers. Some have been developed by governments and NGOs for critical messaging, but most have been introduced by MNOs and financial institutions to market digital financial services to Savings Groups.
The Savings Groups Technology Toolkit is a catalogue of the leading and emerging technologies in the sector. These tools include management information systems, mobile applications, information and communications technology, and other audio-visual tools – and facilitate a wide range of activities such as group mobilization and training, digital recordkeeping, electronic transactions, monitoring and results measurement, and access to financial and non-financial services.