Village Savings Groups

Are you familiar with village savings groups?

In many rural villages, banks don’t operate. With nowhere to save money, borrow loans, or invest in a community, these villages can’t make strides against poverty. But village savings groups change that by equipping communities to become their own banks.

This is an increasingly common practice, especially around Africa and South Asia. Each organization runs them slightly differently, but I’m quite partial (and biased!) towards Plant With Purpose’s Purpose Group model that pairs these activities with land restoration and environmental education.