Developing Community and Reducing Poverty through Christ-Centered Savings Groups

Straight Savings

HomeSavings Group TypesStraight Savings
Straight Savings

In a straight savings group, the participants are saving weekly for a specific need. Many participants in this type of group are saving for their children’s school tuition, home repairs, or funds to purchase larger animals such as pigs, goats, or cows. This type of group has a six-month savings cycle. Each person saves what they can each week. At the end of six months each participant gets back the amount they have saved.