|  One of the most common reasons for people to join a group is to undertake some form of saving activity. Saving is vital to enable people to manage shocks and emergencies, to smooth out peaks and troughs in income and expenditure, to make investments in homes, families and businesses and to provide for old age. There are many types of savings groups ranging from funeral funds to rotating funds to full blown savings and loan associations. Such groups are always user owned and provide a financial service to their members that may otherwise be unavailable to them. Participating in a savings group is one of the best ways to encourage social mobilisation among the poor and can lead on to other forms of livelihood development. | |
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