M6 Savings clubs

Micro Enterprise
  • Savings clubs may encourage members to save a small amount of money regularly to use for a special purpose. Members may all save for the same event, such as making a visit together or establishing an income-generating project. Members may also save individually, for example for a wedding or for Christmas celebrations.
  • Simple savings clubs depend on an honest and reliable Treasurer.

Discussion 
  • Discuss how establishing a savings club could be added to the regular activities of any group.
  • What experiences do members have with savings clubs? Have these been positive or difficult experiences?
  • How should the funds of a savings club be looked after?