CGAP Country-Level Savings Assessment: Uganda
At the invitation of USAID's Rural SPEED project, CGAP team conducted the 5th country-level savings assessment in Uganda. This presentation presents the preliminary findings of the debriefing session which concluded the assessment.It presents some of the common beliefs regarding microfinance across different countries:
- Client level: Disbelief that poor people save, lack of trust in financial institutions, pervasiveness of informal savings;
- Micro level: Most accessible institutions are the least well-regulated, secure;
- Macro level: Legal changes absorb enormous amounts of energy and attention, incoherent government policies.
The presentation further provides information on:
- The number of people served per access point;
- Concentration of accounts across different institutions;
- Client needs from different institutions.
Finally, the presentation recommends:
- Linking institutions to combine outreach and stability;
- Investing in new delivery mechanisms for microfinance delivery institutions (MDI) and commercial banks with interest in microfinance;
- Promoting active dialogue with Bank of Uganda to ensure mutual understanding of benefits, risks, and mitigation mechanisms for new methods of increasing outreach.