“I facilitate lessons [in financial literacy] and run community savings groups. The impact on young people has been great. They are able to come up with businesses, understand how to borrow and not waste money.
“My goal is to see the Savings Group become independent.”
Karen’s financial literacy training and the community savings groups are organised through Restless Development’s “Tusunge Lubono” (Let’s Grow our Wealth) project.
This project is funded by the Swedish International Development Cooperation Agency (SIDA) and is run in partnership with the Financial Sector Deepening Zambia (FSDZ). It aims to recruit young leaders in communities who train other young people so that they can support each other to make a decent living.
Learning from another young person has been important for Theresa.
“Things are easily understood because you’re encouraged and free to ask any questions that you want from a fellow young person.”
“We learnt how we could teach our friends to also save money, so even if Karen goes, I can also form a group and start teaching other people how to save money.”
“When we are at the savings group, it’s like we are one family.”