EFI IN UGANDA

PHOTO BY HENRY TENENBAUM

PARTNERS IN Uganda

2 partners
  • Eaden
  • Socadido

ACHIEVEMENTS

  • 5,935 Groups formed
  • 3,115,537 Value of Cycle’s savings
  • 169,754 SILC members
  • 2,918,996 Value of credits in progress
  • 69% Female members
  • 28% Return on savings
  • 99.6% Retention of SILC members

INNOVATIONS

1.

Implementation of both Progress out of Poverty Index supplemented with an ethnographic study on EFI’s poverty focus.

These two data sources allowed EFI to analyze relative and absolute poverty outreach among SILC members and the reasons behind those trends.

2.

Pilot Linkage of SILC groups to formal financial services through a mobile money platform.
Partners:

  • MTN Uganda,
  • MicroSave,
  • Post Bank Uganda,
  • Centenary Rural Development Bank

The EFI project in Uganda provided a unique opportunity to enhance and expand the range of services available to SILC group members through a mobile money linkage. The mobile linkage was to provide SILC group members access to a long-term savings account with a commercial bank. After two years of negotiation with FSPs and FinTech companies, a small portion of the planned outreach has been met. Currently, twenty-three groups are depositing their group savings into a long-term account

Poverty Outreach

In Uganda, a team of enumerators administered Progress out of Poverty Index (PPI) interviews in 56 villages to 166 SILC groups. In total, 4,079 SILC group members were interviewed.  In the same, or near-by, villages 924 PPI interviews were also administered. When comparing the SILC group members to the reference, the data show that the SILC group members were poorer.  When performing a village-by-village comparison, the researchers found that 59% of the SILC group members in Uganda came from the poorer half of their community.