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Microfinance and savings groups

Savings groups are the first step to financial inclusion. The groups provide not only a mechanism to save money but build individual knowledge and skills in financial education and management.

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Video: Plan International Vietnam encourages local participants to save money as a community and manage small loans to help them start businesses and look after their families.

Promoting financial inclusion

Women taking part in a microfinance meeting in their village in Senegal
Women taking part in a microfinance meeting in their village in Senegal

Savings groups and microfinance are the first steps to financial inclusion. The groups provide not only a mechanism to save money but build individual knowledge and skills in financial education and management. 

  1. Access to financial services through community-based microfinance
  2. Youth savings groups
  3. Achieving wider development objectives