Community-Based Savings Groups

Community-Based Savings Groups are local collective initiatives where members regularly contribute money into a common fund. These groups are often formed by neighbors or community members to promote financial security, enable small investments, or handle emergencies. Through agreed-upon rules, members can save collectively, access small loans, and share financial advice, fostering trust and solidarity. They serve as accessible, informal financial tools, especially in areas lacking formal banking services, empowering individuals to manage their money, improve their economic resilience, and support community development.