Where Banks Are Not a Possibility: Women’s Savings Groups and Community Resilience in Uganda During COVID-19 Lockdown

ABSTRACT This study examined the contribution of Uganda’s women’s savings groups to improve savings and credit among unbanked rural populations during the COVID-19 lockdown. This qualitative study used interviews to collect data on women’s experiences and how they survived the lockdown. The sample included 168 respondents and 30 key informants. Findings demonstrate the vital role of these savings groups in improving financial resilience of unbanked rural populations in Uganda, particularly during crises like the COVID-19 lockdown. These groups improved women’s savings habits and financial literacy, increased investments in small-scale family businesses, and elevated women’s visibility and agency within their households and communities, often positioning them as primary family breadwinners. However, the persistent negative influence of deeply ingrained gender stereotypes and biases on women’s power, agency, and access to financial resources remains a significant challenge. Findings highlight the urgent need for a more equitable and inclusive financial landscape. Therefore, government policymakers must prioritize the development and implementation of gender-sensitive and inclusive financial services and policies to increase access for unbanked women in Uganda. Such targeted interventions are crucial for promoting individual and household well-being and for sustainable long-term development.