Strategy:
SaveAct's strategy is based on extensive research around social and economic empowerment experiences locally and internationally. It seeks to build on these experiences. The model acknowledges the importance of local knowledge (e.g. cultural practices related to stokvels) and capabilities of the poor. It gives particular attention to three dimensions, each seen as complementary:
the development of financial services controlled and managed by the poor;
the imparting of life skills to improve capacity of people to plan and act on their situation; the development of capacity to engage in enterprise activity or more sustainable livelihood strategies.
This triad (see below) of activities makes for a powerful combination that will enable people to better secure their livelihoods.
SaveAct believes that it is essential for the poor to organise and develop collective action to secure their rights. Even where democracy is present there is a tendency for poor and vulnerable groups to be ignored. There is an absence of social and economic justice. These groups need 'a voice' that will ensure that they too can secure the resources to 'climb out of poverty', influence policies and hold government accountable. This will be enabled through a combination of promoting contact and learning exchanges between groups, and through the initiative of SCGs themselves.

What we do 

SaveAct implements a hybrid model of community-based savings activities, which incorporates three complementary elements:

  • The formation and mentoring of savings and credit groups (SCGs) - financial services controlled and managed by the poor;
  • Life Skills Training (LST) - improving people's capacity to plan and act; and
  • Enterprise or Isiqalo training - developing capacity to engage in enterprise activity or follow more sustainable livelihood strategies.

SaveAct's strategy is based on extensive research around social and economic empowerment experiences locally and internationally. It seeks to build on these experiences. The model acknowledges the importance of local knowledge (e.g. cultural practices related to stokvels) and capabilities of the poor.

The model (see graphic below) is a triad of activities which makes for a powerful combination that will enable people to better secure their livelihoods. SaveAct believes that it is essential for the poor to organise and develop collective action to secure their rights. Even where democracy is present there is a tendency for poor and vulnerable groups to be ignored.

In South Africa, despite a constitution that protects citizens’ rights, there is an absence of social and economic justice. Poor and vulnerable groups need 'a voice' that will ensure that they too can secure the resources to 'climb out of poverty', influence policies and hold government accountable. This will be enabled through a combination of promoting contact and learning exchanges between groups, and through the initiative of SCGs themselves

 

triad_diagram