Savings Groups in the Age of COVID
Savings Groups are one of the most consistent and sustainable platforms for community development worldwide. Currently, there are more than 15 million members in Savings Groups in more than 73 countries around the world, supported by hundreds of development organizations in Africa, Asia and Latin America. These groups have proven that they are resilient and resourceful. Often, they are at the frontlines of the local response to crisis.
As mobility is restricted and markets falter, the COVID-19 pandemic poses crucial health and economic risks for Savings Groups. As most members are women, they are likely to be disproportionately affected by the health crisis, including additional burdens as primary caregivers, as well as increased risk of intimate partner and sexual violence.
In a recent guidance note, the SEEP Network considers how best to support Savings Groups and their members during the COVID-19 pandemic, and how to effectively engage Savings Groups in community-level response efforts.
Three months into the global pandemic, what is being done to mitigate the impact of the health crisis on Savings Groups and their communities? How are Savings Groups and the organizations that work with them adapting – and to what effect? And how are they planning to build back better, such that both Savings Groups and the programs that support them are more resilient to future crises?
Join us for a webinar with CARE, Catholic Relief Services, and the International Rescue Committee to explore their response and recovery efforts related to Savings Groups, including health messaging, the integration of new technologies, cash and voucher assistance, new and potential partnerships, and more.
Marc Bavois, Senior Technical Advisor for Microfinance, Catholic Relief Services
Stefanie Leigh Plant, Technical Advisor for Enterprise Development and Employment, International Rescue Committee
Grace Majara, Senior Technical Advisor for Financial Inclusion in Uganda, CARE
Veyrl Adell, Senior Technical Advisor for Financial Inclusion in Kenya, CARE
David Panetta, Program Director, Savings Groups, The SEEP Network