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ABSA Corporate Social Investment and the SAB Foundation have entered into agreements with SaveAct to support its work in different ways. These agreements are in line with efforts to build local partnerships towards establishing financial services for the poor, expanding financial education for savings group members and providing support for entrepreneurs.

 


 

SaveAct is currently being assisted by Absa in expanding into new parts of South Africa and is presently exploring opportunities to expand into QwaQwa, a remote area of Free State province in South Africa where demand for saving and credit groups appears to be high.

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SaveAct field officer Lungi Dube (left) with Ms Ellen Moloi, a Savings and Credit Group member from Obonjaneni in Bergville in a tavern in QwaQwa where they addressed six stokvels (ROSCAs) on the workings and benefits of SaveAct's model.