Dana T. Redford - Transforming Africa: How Savings Groups Foster Financial Inclusion, Resilience and Economic Development

EDITED BY

DANA T. REDFORD

Policy Experimentation & Evaluation Platform (PEEP), Portugal

University of California, Berkeley, USA

And

GRIETJIE VERHOEF

University of Johannesburg, South Africa and Monash University, Australia

United Kingdom North America Japan India Malaysia China

Emerald Publishing Limited

Howard House, Wagon Lane, Bingley BD16 1WA, UK

First edition 2022

Editorial matter and selection 2022 Dana T. Redford and Grietjie Verhoef. Published under exclusive licence by Emerald Publishing Limited.

Individual chapters 2022 the authors. Published under exclusive licence by Emerald Publishing Limited.

Cover credit for original illustration Ricardo Cabral.

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British Library Cataloguing in Publication Data

A catalogue record for this book is available from the British Library

ISBN: 978-1-80262-054-2 (Print)

ISBN: 978-1-80262-053-5 (Online)

ISBN: 978-1-80262-055-9 (Epub)

To the savings group leaders across Africa who are helping to lead their
communities in this time and always.

Table of Contents

Dana T. Redford and Grietjie Verhoef

James Atta Peprah and Dana T. Redford

George Muruka

Lenora Biche and Christian Wolf

Katherine Rickard

Sakola Djika Ali and Sako Siembou

Cyrille Michel Bertand Onomo and Raphal Nkakleu

Joo Antnio Furtado Brito

Deogratias Bugandwa Mungu Akonkwa, Eddy Balemba Kanyurhi, Guillaume Bidubula Juwa and Albert Masheka Hongo

Konjit Hailu Gudeta, Atsede Tesfaye Hailemariam and Bantie Workie Gessese

Christopher Boachie and Eunice A. Adu-Darko

Ismael Mendes de Medina, Filipa Monteiro and Ana Pinelas Pinto

David Mathuva

Graham Sherbut, Tiago Borges Coelho and Eugnio Gujamo

Ogechi Adeola, Ifedapo Adeleye, Garzali Muhammed, Babalola Josiah Olajubu, Chijioke Oji and Oserere Ibelegbu

Edo Djimitri Agbodjan, Mawuli Couchoro and Germain Lankoande

Grietjie Verhoef and Karen Hidden

Vincent Bagire and Sheila Namagembe

About the Contributors

Dana T. Redford (Editor/Conceptual Chapter) is Founder & President of the Policy Experimentation & Evaluation Platform (PEEP) based in Lisbon, Portugal and Senior Fellow at the Institute of European Studies at UC-Berkeley. His research interests include entrepreneurship, sustainability, education and development studies.

Grietjie Verhoef (Editor/South Africa) is Professor at the University of Johannesburg and Adjunct Professor Monash University, Australia. She has published extensively on banking and financial development in Africa, as well as on voluntary savings organizations.

James Atta Peprah (Conceptual Chapter) is Senior Lecturer at the Department of Applied Economics, School of Economics, University of Cape Coast, Ghana. His research interests include development finance, microfinance, enterprise development and access to credit among people living with disability.

George Muruka (Conceptual Chapter) is an Independent Development Finance Consultant based in Kenya working with NGOs, banks, and MFIs on pro-poor products. His research interests include community finance, agriculture value chains integration and social entrepreneurship.

Lenora Biche (Conceptual Chapter) is a Junior Researcher at PEEP and student at John Cabot University. Her research interests include African fashion, education, and entrepreneurship.

Christian Wolf (Conceptual Chapter) is a Senior Researcher at PEEP and member of CEsA - Centre for African and Development Studies at the University of Lisbon. His research interests include entrepreneurship and financial inclusion.

Katherine Rickard (Conceptual Chapter) is an Advisor in women empowerment and inclusive finance. Her research interests include payment digitization, enterprise development, agriculture value chains and savings-led solutions having worked for UNCDF, World Bank, FCDO, BMGF, SEEP Network and CARE International.

Sakola Djika Ali (Burkina Faso) is a Lecturer and Researcher at Thomas Sankara University. His research interests include entrepreneurship and microfinance.

Sako Siembou (Burkina Faso) is a civil servant at the Ministry of Trade, Industry and Crafts of Burkina Faso.

Cyrille Michel Bertand Onomo (Cameroon) is Lecturer at the University of Douala where he teaches finance. He is Secretary General of the CERAME (Centre d'Etudes et de Recherche Africaines en Management et Entrepreneuriat) at the ESSEC Business School of Douala.

Raphal Nkakleu (Cameroon) is Professor at the University of Douala, and Director of the CERAME (Centre d'Etudes et de Recherche Africaines en Management et Entrepreneuriat) at the ESSEC Business School of Douala.

Joo Antnio Furtado Brito (Cape Verde) is Professor at University of Cabo Verde and holds a PhD in Economics. His research interests include economic growth and development, development of small island countries and financial economies.

Deogratias Bugandwa Mungu Akonkwa (DRC) is Full Professor in the Faculty of Economics and Management, Catholic University of Bukavu and University of Goma. His research areas include microfinance institutions and the governance of higher education institutions.

Eddy Balemba Kanyurhi (DRC) is Professor at the Faculty of Economics and Management, Catholic University of Bukavu and Institut Suprieur de Commerce (Goma); and Invited Researcher at Center for European Research in Microfinance. His research fields are marketing of microfinance institutions and women entrepreneurship.

Guillaume Bidubula Juwa (DRC) is Lecturer at Catholic University of Bukavu, and General Manager of the provincial hospital. He has published on micro-insurance and group lending performance.

Albert Masheka Hongo (DRC) has a Msc. in Finance and Accountancy (Catholic University of Bukavu). He works as Budgeting and Management Officer at World Health Organization. He specialises in village savings and loans associations.

Konjit Hailu Gudeta (Ethiopia) is a Researcher at Maastricht University and an Assistant Professor at Addis Ababa University. Her research interests include wellbeing, decent work, women entrepreneurship, work-life experiences and savings groups.