The Value of Savings Groups and Stokvels for Financial Inclusion in South Africa

Seeking to better understand such trends and the underlying motivation to use financial services, FinMark Trust commissioned a qualitative impact study of SaveAct savings groups and stokvels in rural South Africa. This study has used a realist evaluation (RE) approach to explore impact not as a direct result of an intervention or input, but in relation to the context in which a programme intervention takes place and the reasoning of its beneficiaries.