Sarah’s story

Life was difficult for Sarah before she joined her local savings group. She had no regular income. All that has changed. Sarah used her loan to buy her first cow, now one of many. She makes a living selling milk and manure.

"It has empowered us, especially the ladies, to do business. I am able to earn a living. I can provide for my family, and my husband no longer has to provide everything."

Sarah also received training in financial literacy. Her group is now linked to a bank, meaning their savings can be kept in a secure place without fear of the money being stolen, lost or damaged.

Sarah used to have 'ill feelings' about banks but her experience has changed the perceptions that banks were only for the rich.

"I believed the charges were unaffordable. The bank was also very far away. I thought banks are not for people like me, they are for rich people and people with big businesses."

Now the group's savings are banked, she feels relief.

"As treasurer, I felt unsafe keeping the money from our savings and loan group. It was dangerous. Now the group agrees to pay me or the other two signatories to travel to the bank to deposit or withdraw money. Before I didn't feel secure keeping so much money,

"Now the group has confidence in the bank because since the start there have been no problems. Our money is always available when we want it."

"This is the sort of thing that banking should be doing - it's about real people, taking out real loans, to do real things. Thank you to Barclays, Plan and CARE, and to the community for all you are doing. This sends out a great message to Tanzania, and to all of Africa."
Former US President Bill Clinton
"[Banking on Change's] core principles are simplicity, trust, responsibility and integrity. It starts with saving, rather than credit. Just as the bank crash occurred on a tide of testosterone, the new wave of banking is female-led and cautious. But its most radical feature is that it is happening among the world's poorest, the once unbankables."
Editor of the London Evening Standard Sarah Sands
"Linking informal savings to formal banking creates both social and commercial benefits. It has the potential to transform the lives of vulnerable and disadvantaged people, while at the same time, enabling us to support more customers and grow our business."
Barclays Group Chief Executive Antony Jenkins
"One of the most significant things we've learnt from this partnership is that we can't fulfil the scale of this ambition alone. We need further collaboration between banks, NGOs, governments and technology providers. That's why we're calling for input and support to establish international principles for savings-led financial inclusion..."
President and CEO of CARE USA Dr. Helene Gayle
"Here at Plan, we recently reached the one million members mark for our savings groups worldwide. Banking on Change, our partnership with Barclays and CARE, has been a vital and flagship project. We believe that young people must have better access to trusted financial services if they are to develop, but with so many people still lacking access to banking solutions, it is a problem that we must solve together..."
CEO of Plan International Nigel Chapman