This brief focuses on one specific type of women’s group in sub-Saharan Africa: savings groups. Savings groups are a common form of women’s group and serve as a reliable mechanism for people in sub-Saharan Africa to save money. Members of savings groups pool small weekly savings into a common fund, which members can then borrow against, creating opportunities for investments and women’s empowerment. Savings groups show mixed, but promising, results in improving economic and social outcomes. This brief, written by a consortium of researchers and practitioners, presents emerging evidence from studies in diverse African contexts— with a deep dive into Nigeria and Uganda—on how COVID-19 has affected savings groups and how these groups have helped mitigate the pandemic’s negative consequences in sub-Saharan Africa.
- Customer and uses of digital payments
- Regulation of DFS
- Technology and operational enablers
- Webinars and Podcasts