Savings groups & financial capability

The SaveAct model is a unique adaptation of the Village Savings and Lending Association (VSLA) design, widely applied in Africa.

Since 2008, the SaveAct programme has been applied systematically in South Africa and there has been sustained demand, particularly from rural women, to form groups. Savings groups in South Africa now save on average six times more than groups across Africa.

SaveAct works with NGO partners in six provinces to scale up the model. In addition to savings and credit facilities, the programme includes financial education and enterprise development assistance.

There are now over 100,000 members who saved R535m ($35m) last year in 5000 groups. The cohort represents a unique opportunity to build pathways for meaningful financial inclusion and poverty reduction.

 

This programme is supported by

Support
We are grateful for all contributions
to our work, regardless of their size.

Visit

33 Alan Paton Avenue, Scottsville

Pietermaritzburg
Kwazulu-Natal
3201
South Africa
Contact

+27 (0) 33 345 1222