Savings Groups and Social Protection Programs as a Pathway to Formal Financial Inclusion
A recent state of practice report identifies 74 social protection policies and programs in sub-Saharan Africa with a Savings Group component. Savings Groups are increasingly promoted by social safety net programs as a safe place to save, build resilience, and support the transition of beneficiaries to stable livelihoods.
Based on the findings of the report, The SEEP Network is facilitating a Peer Learning Group (PLG) to explore the Role of Savings Groups in Supporting Graduation from Social Safety Nets. The PLG brings together senior government representatives from five countries (Kenya, Malawi, Rwanda, Senegal, and Tanzania) and two partner NGOs (Trickle Up, and The BOMA Project) responsible for the design and implementation of social protection programs that promote Savings Groups.
This webinar will present three examples of social protection programs that are integrating Savings Groups (SGs) to promote formal financial inclusion and support the graduation from social safety nets. Government representatives from Zambia, Kenya and Tanzania will also discuss the challenges and opportunities of linking SG beneficiaries to formal financial institutions.