“Since the digitalization of the group records, the level of confidence among Savings Group members in Prosperity Savings Group has increased. This is because each member has records of their savings such as social fund, loan fund messaged to their phones after each meeting to our,” said Gift Phiri.
Gift Phiri is a 31-year-old single mother of two. She is a member of Prosperity Savings Group. The group was formed in 2021 and she decided to join it in 2022 after hearing about its benefits from a friend.
Habitat for Humanity Zambia is implementing a one-year project titled “Improving Financial Security for Women” that will support 2,900 female members of Saving Groups from low-income households in the informal settlement of Makululu, Kabwe district. This project aims to improve their financial security by facilitating and consolidating savings behaviour through the formalisation and training of Savings Groups in Kabwe in the use of a safe and secure digital financial platform, supplied by our partner Dream Start Labs.
