The 5 things to know about community savings groups

1 - These community savings groups are called "Lakile telo" (three keys) in some communities. This name stems from the fact that the box containing the savings is sealed by three padlocks, each key being held by a different member of the group to ensure transparency. At each meeting, the box is opened in the presence of all, under the supervision of a treasurer, which enhances confidence and security in managing the funds. 

2- These groups meet weekly, on the basis of principles of solidarity and mutual support. Funds are collectively administered, and all decisions are made jointly, thus strengthening social cohesion and trust among members

3- Most members of those savings groups are women. By integrating these groups, they find an opportunity to strengthen their financial autonomy, support their families, and play a more active role in economic decision-making within the community. This dynamic also contributes to the empowerment of women and their inclusion in local development initiatives.

4- In addition to financial management learning, these groups initiate activities dedicated to children’s well-being. Training on good nutritional practices, workshops for young people and awareness campaigns on child protection are regularly organized. These initiatives contribute to the improvement of children’s living conditions and to their development in the community

5- In some communities, savings groups organize competitions to encourage innovation and member engagement. This stimulates participation, motivates members to save more, and encourages entrepreneurship within the groups. These competitions also allow members to share ideas, which creates a space for collective learning.

Note: In the Analanjirofo region, UNICEF and its partners support these groups through the Hafa velontegna project, funded by the Danish National Committee for UNICEF.