SaveAct has a vision of using technological advancements and access to markets to build an improved “ecosystem” with financial and other services designed around the needs of Savings Groups and, more generally, the rural poor who continue to be largely excluded from the dominant development path as victims of South Africa’s so-called “dual economy”.

SaveAct is using technological advancements in the following key areas:

  • Last Mile Communication with Bonding Platform: SaveAct is building a communication platform with content designed to foster a shared knowledge and collective identity across Savings Groups and their members. IN this way SaveAct not only increases its outreach but also broadens the service portfolio available for members.
  • Excess Liquidity Management: The introduction of debit or gift cards alongside a group account has the potential to improve member’s access to liquidity and familiarise members with digital banking systems.
  • Mapping Financial Profiles: Using mobile technology in e-recording SaveAct aims to better understand financial service needs by introducing financial tracking for individual and group accounts.
  • Enterprise Focus Group/SCG Payment Capability for Enterprise and Social Good: A key factor in making rural enterprises more viable is training in improved farming methods and enabling access to the right inputs at reasonable cost. Through bulk buying, SaveAct aims to exploit economies of scale to provide preferential access to inputs for remotely located smallholders.
  • Innovation with Farmers: Farmer’s livelihoods, especially smallholder farmers are vulnerable to risk and experience difficulties accessing markets. EFGs offer opportunities to lift several farmers out of a relatively marginal existence.

This program is supported by

  • Building Ecosystems
  • Building Ecosystems

How we work

The SaveAct model in action


SaveAct has a vision of using technological advancements and access to markets to build an improved “ecosystem” with financial and other services designed around the needs of Savings Groups and, more generally, the rural poor who continue to be largely excluded from the dominant development path as victims of South Africa’s so-called “dual economy”.

Interested in a more detailed explanation? Learn more

Cases


Staff working on this program

  • Building Ecosystems
    Anton Krone: Executive Director
  • Building Ecosystems
    Paul Forsyth – Contract Manager
  • Building Ecosystems
    Sazile Mtshali – Programme Coordinator, KwaZulu-Natal
  • Building Ecosystems
    Robert Ungethuem – Monitoring & Evaluation, Project Design
  • Building Ecosystems
    Jean-Pierre Andrew – Digital Monitoring & Evaluation
  • Building Ecosystems
    Angela Pillay – Programme Support and Administration
  • Building Ecosystems
    Teboho Doda – Field Officer, Eastern Cape
savings record books

Savings: the key to a sustainable future

Financial services and sustainable livelihoods for the poor!

Support us

or send an email to anton@saveact.org.za