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Learn how to utilize the Blackboard Collaborate audio wizard and talk button effectively. Join the webinar on savings groups and youth development for financial empowerment. Understand the concept of savings groups, their benefits, and why they are suitable for youth. Explore lessons from Zambia on youth participation and the pathway to self-employment. Find out more about the power of savings groups at the SG2015 conference website.
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Getting Started in Blackboard Collaborate 1. Plug in your headset and click this icon to open the audio wizard. 2. Each time you talk to the group click this ‘Talk’ button
John SchillerGlobal Advisor – Savings Groups Plan International & SAMUEL TEMBOCountry Programme Manager Economic Empowerment, Plan Zambia
Attending Webinars Ground Rules
John SchillerGlobal Advisor – Savings Groups Plan International & SAMUEL TEMBOCountry Programme Manager Economic Empowerment, Plan Zambia
Savings Groups and Youth: The first steps towards financial inclusion and self-employment
What Are Savings Groups? Savings Groups 10 – 25 members, self-selected. Self-financed, self-managed. All mustsave, all mayborrow. Social fund for emergencies. Groups trained in procedures but makeownrules (membership, savings, loanterms, etc). Groups responsible for security of funds. Savings in the form of sharepurchases (1 -5 per meeting). Minimal written records limited to memberpassbooks. Groups operate on cycles – 9 to 12 months , return assets to members and begin new cycle. Usualautonomyafter 1 year.
Q #1: Whydoes Plan International promoteSavings Groups? Please select the most important reasons… • Appeal to vulnerable populations. • Appealmostly to women. • Start withsavings. • Simple procedures. • Can be implemented at large scale. • Result in financial and social empowerment. • Easy to integratewithotheractivities.
Q #2: Whatis the relationshipbetweenSavings Groups & CCCD? Please select the key points of convergence – • Child & youth focus. • Community consultation. • Participation. • Communityownership. • Communitycapacity building. • Gender equality, inclusion. • Financial, economic, social empowerment.
Q #3: WhymightSavings Groups be appropriate for youth? Pleasechoose the best reasons … • Involvelittlerisk. • Teachregularsavings habits. • Use experientiallearning. • Teach money management. • Build social capital leading to peerlearning and communityaction. • Can be combinedwithentrepreneurship and employability training.
LessonsfromZambia: Youth participation Youthtrained and made responsible for: • YouthSavings Groups leadership • Outreach • YSG training & monitoring • Peer training (financialliteracy, entrepreneurship) • Business mentoring • Communityadvisorycouncilmembers
Complementary Learning • Financial educationthroughlearninggames. • Hands-on marketresearch. • Links to value chains. • Behaviours and skillsappropriate to enterprise. (Enterprise Your Life)
Links with agricultural technical services • Formal group certification. • Technical training. • Preferentialaccess to inputs. • Marketing assistance. • YSGs as the ‘missingpiece’ in government’s rural developmentstrategy.
First Steps to Self-Employment • New ideas for enter-prisefromresearch, observation and reflection (not imitation). • Start smallwith YSG savings & loans and assistance fromfamily. • Expand & diversifythroughreinvestment.
Strongfinancial performance • Regular savings. • High loanfund utilisation rates. • High returns on savings. • Growth in savings over time.
Sustainability • Community ‘ownership’ of the YSG methodology as number of groups increases. • Spontaneousreplication. • Associations of Village Agents & Peer Trainers. • Communityadvisorycouncils place YSGs in communitydevelopmentstrategy.
And please check this out… SG2015: The Power of Savings Groups http://sg2015conference.org
More information…. Pleasevisit the Savings Groups Network page on Planet Key documents include- Plan’sSavings Groups Programme Guidelines Global Programme Model: Savings Groups