The group savings resource book

Experience has shown that group approaches to saving can help the poor save more efficiently, especially when access to saving facilities such as banks or other financial services is difficult.

By saving in a group, members can get quicker access to a larger amount of pooled resources than they would if they saved on their own. A group can also provide a more secure environment for people to keep their money.

While saving in a group can help individual members meet their personal finacial needs, it can also assist self-help groups meet their personal financial needs, it can also assist self-help groups become stronger and more financially sustainable as organizations. Evidence shows that these self-help groups with active savings programmes are more likely to achieve their goals independently without relying on external support.

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