THE FUTURE OF SAVINGS GROUPS IN MOZAMBIQUE: A NEW VISION FOR SCALE AND SUSTAINABILITY

The national stakeholder meeting on “The Future of Savings Groups in Mozambique” took place on 21 June at the Radisson Blu Hotel in Maputo. The event is organized by the Savings Groups Evidence and Learning Initiative (SGELI) – an initiative of the SEEP Network and FSD Africa – in collaboration with FSDMoç.

The purpose of this meeting is to propose a new vision for the promotion of Savings Groups in Mozambique, based on a market systems approach – identifying current challenges, promising innovations and stakeholder priorities.

Over the last 25 years, development organizations have trained a total of approximately 700,000 Savings Groups consisting of at least 14 million members in 75 countries.  A growing and increasingly robust body of evidence suggests that participation in Savings Groups contributes to increased savings, access to credit, asset accumulation, business investment, consumption, food security, social capital and resilience.  Despite these achievements, the sector faces several constraints.

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Author
Denise Alves