Digitizing savings groups operations

• by Thomas Bariti
• Oct 2, 2020
• 1 min

In this video, we present the challenges that savings groups face due to the COVID-19 pandemic and how the digitization of these savings groups operations benefits both the group members and the associated financial service providers. 

Savings groups play a critical role in bringing access to financial services in rural areas where formal financial services are largely limited.

The onset of COVID-19 and the health and safety requirements to practice social distancing has limited the functioning of savings groups. Most members have been unable to meet to deposit savings, pay their monthly loan repayments, and discuss other group-related matters. 

In this video, we present the challenges that savings groups face due to the COVID-19 pandemic and how the digitization of these savings groups operations benefits both the group members and the associated financial service providers.