Bangladeshi Savings Groups

Today was our third day to visit communities in Bangladesh. We had amazing day in another sweeper community outside of Dhaka. We visited with some families that are affected by FH’s work. Here’s a post I wrote for the Catalyst blog on the savings groups that we’ve seen impacting each community. PS – I just got my ticket for Catalyst West. I sure hope to see you in Orange County in April. 

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One of the things that I’ve been so impressed by during our time in Bangladesh is our savings group model. It is obvious that these savings groups are the bedrock of our work in Bangladesh. They allow us to impact a community wholistically. Not only do the groups allow women to save for a future together, also they give the women the rare opportunity to learn to read and write, develop small businesses, raise healthy families, strengthen their communities, learn leadership skills, discover their rights, and prevent childhood marriages.

Currently FH has over 900 groups across 7 areas of Bangladesh. We have chosen to run learning and savings groups in these areas as they are particularly needy and vulnerable places, where women can be deprived or mistreated. In many of these places FH originally carried out emergency relief work in response to natural disasters. Eventually our groups help disaster torn communities to develop and recover in a sustainable way. Click here to read more. 

Have you heard of savings groups before? If so, I’d love to hear about when and how? 

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Lindsey has a sincere love for her precious dog Molly, a good red wine and the Delta Sky Club. She spends her days (and some nights) laboring to end childhood hunger at Feed the Children and to gather, equip and unleash women at IF:Gathering.

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  • MizPage

    Never heard of them like that.
    A couple of years back, we had several saving groups like that only the business ladies would contribute money and instead of investing the money, they would give it to another member of the group. Everyone would get a chance to go with the money at the end of the week..Unfortunately, this model wasn’t very sustainable, plus sometimes, people would not give money or someone would go off with the money
    Now, I am currently part of scheme that meets every month and educates us about financial decisions plus they get to invest our money for us. (Down side is you cannot withdraw from you account more than once a quarter plus you cannot go below a certain limit – $500, which is a huge sum here.) I love being part of this group because I know that I am saving up for something, maybe my wedding, may be my personal business.. I don’t know.. But I sure know I am proud to be a part of this

    • http://www.facebook.com/lindsey.nobles Lindsey Nobles

      Very cool.

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