Expanding our Cashbox: Linking SGs to Financial Services
Jun 1, 2019 | by
This report describes the findings from VisionFund Internatina's (VF) work over the past five years (2014-2019) in linking Savings Groups with VisionFund microfinance institutions (MFIs), including a major project with Triple Jump which was recently evaluated in Zambia. After establishing the key theme that FSPs need to offer products to Savings Groups in ways that support their goals and way of working, the report provides detailed recommendations on the product features and process for Savings Groups linkage savings and loans.
This report identifies three key risks which FSPs need to manage and ways that VisionFund has found of mitigating these risks. The report acknowledges the challenge of reaching Savings Groups sustainably and outlines two potential opportunities for addressing this challenge: working with village agents and digitizing Savings Groups.
English Africa Access to Formal Finance 2019