Report: Financial Education - Peri-urban and Rural Savings Groups
This study aimed to evaluate the current FE curriculum used by SaveAct and its delivery to SCG members to help SaveAct in identifying and adapting the program to be more effective through a design and implementation evaluation.
This comprehensive report presents the consolidated findings gathered during field research and an assessment of SaveAct’s FE against global best practices. These serve to inform comprehensive recommendations and an implementation plan for improvements to the organisation’s FE efforts.
SaveAct provides a savings-led savings and credit model (SCG) to rural and peri-urban communities in KwaZulu-Natal and the Eastern Cape in South Africa with the aim of smoothing household consumption, building assets and providing members with the opportunity to escape the debt spiral. The SaveAct methodology is built on three pillars, namely the establishment and facilitation of SCGs, financial education (FE) and enterprise development training. The FE is provided to members by community-based promoters (CBPs) who also facilitate the SCG meetings. The goal of the FE component is to build the capacity of SCG members to be better financial planners and directly complements SaveAct’s savings and credit model.