1. Rethinking Financial Services
Taking Stock of our achievements and forging the way forward
SACCOs and
Savings Groups

2. SACCOs and Savings Groups
Who do they serve and what do members utilize them for?
Current User Profiles

3. General Uptake of Financial Services

4. How many adult Tanzanians are in a SACCO or Savings Group?
2% (429,000 people) of adults 16 years or older are a SACCO Member and 16% (4.4 Million) are Savings Group members

5. Savings Groups

6. Informal Groups Uptake

7. Who are savings group members?

8. Who are savings group members?

9. Membership and Groups

10. About three quarter of informal groups are self-established

11. Half of saving group members have been in their group for more than 2 years

12. One third of members joined because they recognized the risk mitigation mechanisms of a savings group

13. Savings groups are both a source of credit as well as a savings vehicle

14. Savings groups provide indirect access to formal channels

15. 6 in 10 groups require weekly contribution
Monthly Contribution to all groups
Minimum
200
Maximum
780,000
Middle Value
10,000

16. 4 in 10 savings group members borrow more than twice a year
Loan amount
Minimum
1,000
Maximum
15,000,000
Middle Value
100,000

17. One third of members utilize the fund to cover living expenses
Social fund amount received
Minimum
5,000
Maximum
10,000,000
Middle Value
50,000

18. What other products do saving group members utilize?
77% of savings group members have taken up mobile money services

19. SACCOs

20. SACCOs Uptake

21. Who are SACCO members?

22. Who are SACCO members?

23. Three quarters of SACCO members have been members for 2 years or more

24. Almost half of SACCO members joined to access credit or emergency loans

25. 4 in 10 SACCO members appreciate SACCOs for their guarantee ability

26. SACCOs are used for both accessing credit and saving

27. Over three quarter of SACCOs have a bank account

28. 8 in 10 SACCOs contribute at least once a month
The last time members contributed the majority contributed 30,000 Tsh

29. Most people borrowed around 600,000 Tsh when they borrowed last
Two third of SACCO members borrow at least once a year from their SACCO
Most people borrowed around 600,000 Tsh when they borrowed last

30. 6 in 10 SACCO members utilize the welfare fund at least once a year
Over half of them utilized the money for covering living expenses

31. 7 in 10 SACCO members have taken up bank services

32. Low levels of awareness and proximity issues are key barriers to SACCO uptake