Community Finance

Financial inclusion (Business saving groups) program supports: A pathway to financial inclusion for Africa’s poorest households from Rwamwanja poorest and most marginalized households with few financial institutions exist in refugee settings and rural areas in rwamwanja to serve them, and where institutions do exist, they generally have appropriate products services. To address the issue of financial inclusion and reach poor rural and refugee women, girl, men and marginalized people, OAF began promoting a saving led microfinance model called “Business Saving Groups” The BSG model is based on belief that for the extremely rural women and poor refugees. The best approach is to begin strengthening their financial assets and skills through savings rather than debt. Through participation in a BSG members can diversify their activities, plant additional crops, buy additional assets, and create or improve their micro enterprises. At the same time, they are able to save and borrow in ways that allow them to smooth cyclical household consumption patterns. Now more than ever before, we see BSGs as an important, and often necessary, run on the ladder of financial inclusion. Efficacious transformations 2027: 1. More than 750 women, girls and marginalized people shall be trained into business saving, selection management plan, and financial management 2. The 50-business saving groups established in Rwamwanja refugee settlement and surrounding host communities and the enrollment/ train of 750 youth women and marginalized people to become qualified Entrepreneurs. 3. 750 qualified Entrepreneurs trained / coached, and their capacities have increased in lines of services delivery. Interventions: 1. The formation of business saving groups and more than 750 qualified entrepreneurs trained and able to manage their financial management. 2. The establishment of 50 business saving groups established shall contribute to reduce the number of extreme poor and unemployed young refugee and national women from rural and refugee communities in kamwenge. The establishment of the business saving groups shall support and formalized Ogandaze staff trained and equipped to train entrepreneurs with good skills in job market demand. 3. OAF will partner with other refugee led and international organizations to reach more rural and refugee members. Deliver trainings to organizational staff and volunteers with gaps in assuring quality services to community members.