The WomenSave Innovation

We offer goal-based savings plans and mobile money to bring unbanked women into the financial system with a real voice and without risk.

Theory of Change

Illustration

1,272+

Women Using Mobile Money

Banking-08Created with Sketch.

$98,860+

Money Saved

1,165+

Financial Goals Met

How It Works

WomenSave offers personalized savings solutions.

  • The process starts with pairing our clients with one of our Savings Officers, local women with business degrees and skills, and offering financial literacy training and one-on-one financial advisory services.

  • Our Savings Officers support each client to choose a financial goal and design a soft commitment savings plan, a financial tool through which she sets aside a small amount of money on a regular basis until the target amount/date is met. In addition, each client establishes an individual emergency fund.

  • Importantly, all clients open mobile money accounts and learn how to use them. Savings Officers then send weekly SMS text reminders to their clients to make contributions to both plans via mobile money as well as congratulatory messages at major milestones (e.g., 50% toward goal).

With this innovative solution, WomenSave:● brings more women into the formal financial system (inclusion);●  empowers them to define and meet their own financial goals (agency); and● strengthens their ability to weather economic shocks (resilience), consequently transforming the lives of women living in poverty.

Pilot Project 2020

In Uganda, where nearly 5 million women do not have bank accounts, WomenSave conducted a pilot over eight months with 514 clients in two western districts (Kanungu and Rukungiri). We achieved some impressive results (during 2020!):

Artboard 10

Over 99% of clients made weekly deposits

Clients saved approximately $35on average

03

78% met their financial goalson time

(for example, buying livestock, paying school fees, making home improvements)

WomenSave offers personalized savings solutionsotherwise unavailable to last mile clients.

We empower unbanked women to connect to the digital economy and meet financial goalson their own terms and conditions, a rare but powerful opportunity.WomenSave plans to grow to reach more clients in Uganda first then expand to other countries.


To stay up to date on our progress:

Sign Up For Our Newsletter 

Q1 2022 Newsletter

Q2 2022 Newsletter

Help Make A Meaningful Difference Today

Your gift directly supports the financial programs and solutions we provide. Any contribution goes a long way!

Donations are accepted securely through Paypal.com