Training opportunities

Financial Linkages and Savings Groups Digitization Course

Friday, February 1, 2019

Savings Groups (SGs) are community-based, self-managed groups, in which members mobilize and manage their own savings, investing this money in a loan fund from which they can borrow in amounts as small as $5. This approach is proving to be low cost, highly sustainable, and extremely profitable for the member-owners and achieving significant scale, especially in remote rural areas. It is estimated that SGs are now established in more than 75 countries worldwide, reaching more than 12 million members in over 600,000 groups. However, SGs are becoming increasingly overcapitalized and require linkages to formal financial institutions and virtual wallets. This is now being accelerated through digital platforms developed in partnership with Financial Technology (FinTech) companies and Mobile Network Operators. The advent of agency banking in most countries introduces another opportunity into the linkages journey. This calls for a more strategic engagement with relevant stakeholders in terms of product development, delivery channels, digitizing operations and relevant knowledge in savings groups in order to promote these linkages opportunities. This course is designed to achieve specific objectives and learning outcomes as below:

  • Region Asia
  • Language English