Church-centred savings groups

Church-centred savings groups provide opportunities for church members to save money together and help each other. 

One example is the Restore savings programme developed specifically for churches by Chalmers Center. Group members put their money into a group fund and can either save or take out loans from this fund when needed. This helps everyone in the group to manage their money better and achieve their financial goals. 

The programme is designed to be simple and easy to understand so anyone can join, even if they have little or no experience with saving money.

Key characteristics

Spiritually rooted

Restore is based on the understanding that Jesus can restore all parts of our lives, including our finances. The programme teaches that managing money wisely is part of being a good steward of God’s gifts. It encourages members to support each other, just as the early Christians did. This spiritual foundation helps members see saving money as a way to honour God.

Language of the church

The training materials are written in a way that makes sense to church members. Each topic includes Bible studies and prayers, connecting the financial teaching with biblical foundations. This makes it easy for church members to understand and feel comfortable participating.

Best practices for adult learning

Group facilitators use the best ways to teach adults, including short lessons, discussions and other participatory activities. This makes it easier for people to understand and remember what they have learnt.

Benefits

Financial stability

By saving together, church members can build a safety net for emergencies and unexpected expenses. They can also save towards important goals such as education, home repairs or starting a small business. This financial stability helps reduce stress and improves the overall wellbeing of the community.

Mutual support

The programme creates a strong sense of community and mutual support. Group members meet regularly to discuss their savings, share their challenges and pray for each other. This strengthens their relationships and builds a supportive network that can help them through difficult times.

Knowledge and skills

Participating in a savings group gives members control over their finances. They learn valuable skills such as budgeting, saving and managing loans. This knowledge boosts their confidence and helps them make better financial decisions.

Spiritual growth

Including Bible studies and prayer in the programme helps members to grow spiritually. They learn to trust God with their finances and see their participation in the savings group as part of God’s plan for their lives.

Through these savings groups, churches can become stronger, more supportive communities that reflect the love and care of Jesus. They are then in a better position to also support and care for people outside of the church.