Unlocking the Potential of Savings Groups: Linking community - based savings groups to formal financial services in West Nile, Uganda
Focus Groups: All
Tools of Impact: Catalytic Grant, Technical Assistance
Achievements: 8,050 savings group members reached.
Synopsis: In an effort to link pre-existing community-based savings groups in the West Nile region of Arua and Yumbe to financial institutions using a digital platform, AKF and FSDU entered into a grant agreement to strengthen groups to continue savings and loan provisions through refresher trainings, facilitate the adoption of digitalised financial services through financial literacy training and product training, and contribute to learning and innovation on deepening access to finance for the poor through ICT platforms.