Check how Saving Groups can contribute to improving lives of low income earners, migrants, poor unemployed, people with unstable jobs and microentrepreneurs by encouraging these groups to develop skills like entrepreneurship, financial literacy, cash flow management.
The best way to find out how Savings Group work and what participants think of it is to watch the videos and listen to their testimonials:
LEarning, Teaming up and Saving – SAVing groups for Employabiliy and Empowerment, in other words LETS SAVEE, is a project which MFC is coordinating. The project aims at exploring the potential of saving groups in the European countries context, for improving low income and marginalized group entrepreneurial skills and access to finance.
In the current European context, poverty and debt are growing problems, the labour market changes dramatically, and social exclusion is on the rise. Vulnerable groups (e.g. migrants/newcomers, low income or poor unemployed, people with unstable jobs and microentrepreneurs) need specific skills to deal with these current challenges.