Savings and Loans Groups refer to a group of people who save money together in a safe, convenient, and flexible way. They are selected, owned, managed, and operated by the members based on internal regulation set by the group, using a simple, transparent method for the group to accumulate and convert small amounts of cash into savings.
SLGs projects are low cost, requiring only facilitation staff and a small operating budget. They are self-replicating, community-led, and therefore, sustainable. Read more about what goes into an SLG box here.
Ultimately, SLGs open pathways to resources – such as savings, grants, and access to Micro-Finance Institutions – that economically empower vulnerable populations.