From Grassroots to Governance: Case Studies of Enabling Regulatory Environments for Savings Groups

This report explores efforts across six countries—Bangladesh, Côte d’Ivoire, Madagascar, Malawi, Rwanda, and Uganda—to develop legal and regulatory frameworks to support the growth and sustainability of Savings Groups (SGs). These community-based microfinance groups, central to advancing financial inclusion, women’s empowerment, and poverty reduction, are increasingly integrated into national development strategies. The report highlights how collaborative advocacy, government partnerships, and tailored policies have enabled SGs to thrive while preserving their informal, member-driven nature.

Drawing on case studies, the report details successes and challenges in implementing ethical codes, operational frameworks, and supportive regulations that enhance SG governance, financial literacy, and access to formal services. It emphasizes the need to balance formalization with flexibility to safeguard SGs’ grassroots essence while mitigating risks such as fraud and financial exploitation. Offering lessons and best practices, this report serves as a resource for policymakers, development practitioners, and SG promoters working to create inclusive, sustainable financial systems.