Marcel Jakubec

SaveAct

SaveAct enables the formation of savings and credit groups in rural communities as a simple but effective tool to fight poverty. These groups provide a foundation for building sustainable livelihoods and help to empower women and other vulnerable groups. Founded in Pietermaritzburg in 2005, we have nearly 90,000 individual members in five provinces in South Africa and work with a network of committed partner organisations. Our unique savings and credit model incorporates: • financial education • enterprise development training • ecosystems development; and • last mile distribution projects These programmes are aimed at breaking the cycle of poverty and empowering individuals and communities to play more active roles in economic and social development.