Saving Group Members
Average annual savings
SaveAct facilitates the formation of savings groups in communities as a simple but effective tool to fight poverty, as a foundation for building sustainable livelihoods, and as a means to empower women and other vulnerable groups.
Founded in Pietermaritzburg in 2005, we have 104 000 individual members in six provinces in South Africa and work with a network of committed partner organisations.
Our unique savings model incorporates:
What We Do
Savings groups and financial capability
We facilitate the establishment in rural communities of voluntary savings groups that allow people to save and grow their money. We work with partners across six provinces to scale up the model, which includes financial education and enterprise development.
Livelihoods and enterprise development
Building on the success of savings groups, we have created a livelihoods and enterprise development (LED) programme. This aims to improve livelihood and wealth creation opportunities in a sustainable manner while empowering people to take ownership of their enterprises.
Last mile access: Zis’Ukhanyo
To achieve long-term sustainability, savings groups and enterprise groups need to be able to access goods and services at reasonable prices — often in deep rural areas where these commodities are hard to come by. The Zis’Ukhanyo programme tackles those needs.
We have a vision of using technology and access to markets to build an improved “ecosystem” with financial and other services designed around the needs of savings groups and, more generally, those who continue to be largely excluded from the dominant development path.
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When did you join the board and what are your core skills and experience? I joined the SaveAct board in 2015 and continue to feel proud of the incredible work being done to financially empower vulnerable South Africans. My experience is in strategy consulting, with...