Have you ever worried about money? Perhaps the more appropriate question is, “when was the last time that you worried about money?” According to a recent study by the American Psychology Association, 72% of Americans reported feeling anxious about their finances in the past month. In addition, 64% of Americans felt that money was a somewhat significant source of stress in their lives. Clearly, Americans are living with more stress than is healthy. The good news is that those with an emotional support system experienced less stress than those who lacked emotional support.
The support associated with Employee Savings Groups at Nguvu Dairy in Uganda will have that same effect, we believe. These voluntary Savings Groups are a workable alternative to a bank. Many Ugandans do not have enough money to open a traditional account. Others do not have physical access to a bank. The groups promote personal accountability and financial responsibility. There are more than four million Africans who are members of savings groups. The countries with the largest numbers include Tanzania, Uganda, Kenya, and Mali.