| Saving Mobilization |
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Safwco is encouraging and mobilizing its clients to save more for their future as well as for the sustainability of their own organization. SAFWCO's saving procedure consists of following steps:
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| Organize Participatory Community Development Dialogue (PCDD) on saving motivation |
- Data collection on income, expenditure and extra expenses of the villagers.
- Meeting with village organization for the introduction of saving and deposit procedure and passbooks.
- Formation of saving groups in villages (separate for male and female)
- Monthly collection of savings on and entry into passbooks.
Since 2002, saving amounts have been deposited in villager’s personal accounts in the nearst commercial bank branches. The savings mobilization and generation is continued with more efforts by following the given below policy which were finalized in consultation with the communities. Safwco continuous to mobilize villagers to save, following steps help in motivating the villagers to save;
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- Monthly meetings
- Awareness on resource mobilization and local investments
- Voluntarily saving small amounts (minimum Rs. 30 per month)
- No upper limit of savings as well as age limit for making deposits
- Assist VDO to maintain saving register and pass books provided by Safwco.
- President/General Secretary/Treasurer of the VDO are authorized to operate the account.
- VDO should save minimum of Rs.10,000 to start internal lending
- Lend up to 70% of deposits to members by some internal lending policy of village (if any)
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| Vision |
| Safwco envisions ‘sustainable communities achieving equitable economic, social, political and cultural development through grass roots development institutions. |
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| Mission |
| Safwco's mission is to mobilize the poor under a common platform and to support and to support them to carry out sustainable development |
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| Views & Openions |
Pakistan: One-room Revolution
By Zofeen T Ebrahim
Karachi, WFS)-Lal Khatoon was very Excited the night she learned to write her name for the first time in her native language, Sindhi.
Read More |
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