Why do Community Savers Groups exist?
Community Savers have been adapting the approaches of the women-led movement called Shack/Slum Dwellers International, and have now developed their own theory of change
Over time, our members begin to recognise that many of us experience similar problems…
Savings-based organising ensures that low-income women, (who are often the engines of community action, yet have limited influence over local decision-making) are able to act collectively to advance their own interests and those of their households and wider community.
Why do Community Savers Groups exist?
Discover the key areas that are important to us and our amazing community
Why Community Savers?
Financial resilience
Many women feel embarrassed to save small amounts of money (such as 50p or £1 per week) and wouldn’t go to a bank for this. Saving together, with other women in familiar and trusted local community hubs, makes savings possible for the lowest-income households.
Well-being
Community Savers is not just about saving money. It is a space where women meet, share problems, develop friendships and become part of something positive and fulfilling. Savers build a sense of belonging and self-worth and a shared space for practical and emotional support. Learning new skills also boosts confidence and raises self-esteem.
Women-led, Gender-inclusive
Savings Groups and Leadership are open to people of any gender identity. In practice, we find the approach appeals to women because they are more often managing household finances and participating in community activity. Being majority women-led, means we can amplify the voices of women that have often been silenced.
Co-production & Collective Voice
The Savings Groups work together to think about what is available and what is missing in their communities; building an awareness about the challenges of people living in low-income areas. Learning exchange with other groups in similar neighbourhoods facilitate this learning and support the group to create solutions together with a stronger voice.