Savings and Loans Groups Training

Savings and Loans Groups Training will be conducted in 4 phases with diminishing support from community and program supervisors. By the end of the program members will be appropriately equipped to maintain financial security and independence. The Preparatory Phase provides information to community members on the function and benefit of an SLG, with the goal of incentivizing the SLG program to community members. After the SLG has been established, the intensive phase will last 15 weeks, including four visits from supervisors in the first five weeks, and six visits from supervisors in the subsequent ten weeks. Supervision will continue to taper in the following 15 week phase, the Development Phase. This period will only include three visits to SLG meetings from supervisors. The final phase, the Maturity Phase, is the culmination of group members achieving financial security and independence.

The program also includes three days of training during the Intensive Phase to ensure proper growth of the SLG. Each of the three days consist of three sessions, each seeking to build upon the growth of the SLG and the knowledge of the participants. By the end of the first day, trainees are aware of the services the SLG can provide to them, draft a constitution of the SLG, and have the ability to start making loans. By the second day, the trainees are familiar with the seating arrangement during meetings of savings and lending groups, know the form of the SLG box and all its contents, have sufficient knowledge of how to conduct the first savings meeting, and have sufficient knowledge of how to conduct the first loans meeting. By the third and final day of training, the participants are trained for the first payment process of loans in savings and loan meetings. Additionally, they are introduced to the final stages of the savings and loan group’s role: maturity, development, replacement, auditing and graduation.