Group Savings From Theory to Practice - UGAFODE's GroupSave: Considerations for Financial Service Providers
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This case study explores the challenges and opportunities of linking savings groups to formal financial services for rural, low-income women and men in Uganda.
UGAFODE completed a six-month pilot of GroupSave, with only 148 GroupSave accounts opened out of the 448 targeted. Facing lackluster results, the Business Growth department and MEDA embarked on a new journey to understand why customer adoption by savings groups was lower than expected and why many of the newly opened accounts became dormant.
As detailed in this case, the answer lies in several different places. The journey of transforming from a credit-led MFI to a savings and lending institution is not straightforward. Nor is the process of mobilizing savings group clients and rolling out a new alternative delivery channel connected to mobile money. While client surveys and other stakeholder interviews still indicated that there was a clear market need for this product, the UGAFODE and MEDA team hypothesized that continuous customer engagement could be the missing ingredient.
7am ET/12pm UTC/3pm Nairobi
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Hey Sister, Show Me the Mobile Money is a USAID / W-GDP digital financial lite…
11am ET/4pm UTC
JOIN US TO LEARN ABOUT A UNIQUE DIGITAL FINANCIAL LITERACY PARTNERSHIP OPPORTUNITY.
Hey Sister, Show Me the Mobile Money is a USAID / W-GDP digital financial literacy campaig…
Thursday, January 21, 2021 at 11pm ET/4am UTC/11am Bangkok
JOIN US TO LEARN ABOUT A UNIQUE DIGITAL FINANCIAL LITERACY PARTNERSHIP OPPORTUNITY.
Hey Sister, Show Me the Mobile Money is a USAID…
7 pm IST/830 am ET/530 am PST/430 PM EAT/230 PM WAST
The COVID-19 pandemic and its fallout has disrupted the functioning of women’s groups, like Self-Help Groups and Savings Groups, acr…
Intake: February 17 - May 25, 2021 Cost: $750 per participant Time commitment: 3-4 hours per week Other requirement: Reliable internet connection
The deadline to register…