Photo: Jane Hahn/Oxfam America
Saving For Change
- Research: Women’s Economic Agency and Share Outs: Lessons from the Financial Diaries with Savings for Change Groups in El Salvador and Guatemala
- Oxfam Impact: Saving for a dream - Young people in Cambodia join Saving for Change groups to build a future
- Blog: A tree grows in Mali
- Blog: From the fields to the bakery: A path toward prosperity
- A decade of Saving For Change (timeline)
- Does Saving For Change increase women’s leadership? A study of women's empowerment in Saving for Change groups in Cambodia.
- Survey results on women's financial needs in Guatemala (Spanish)
- El Salvador
- Access to financial services for women
- Increased self esteem and confidence
- Women’s increased financial decision-making power at the household level
Saving for Change (SfC) is a savings groups programme that increases resilience and financial assets. It trains groups of women to save regularly, borrow from their group’s fund and repay loans with interest. At the end of a saving cycle he fund is divided and each woman receives her savings plus a share of the profit.
Savings groups (SGs) respond to the unmet needs of the rural poor by providing a secure place to save; the opportunity to borrow in small amounts and on flexible terms; and a network of support and solidarity.
- Successful in Increasing savings, food security and investment in livestock.
- Promotes solidarity and builds social capital
- Savings groups constitute a transparent and sustainable complement to formal and informal financial services.
- Methodology is simple, efficient and easily scalable as groups are self-selected and self-managed by rights-holders.
- Cost-effective model requiring minimal infrastructure.