It took five years for Dr Pollard to set up a structure for the organisation. The savings aspect became functional in 2004. She had seen the need to educate the women in her village to embrace the culture of savings.
More than 50 per cent of the members at the time started their savings with only $SBD5.
“We've come a long way, and now women are able to access funds for their children's school fees and other important items, rather than relying on wantoks (extended family) to assist them financially,” Dr Pollard says.
Dr. Pollard is a member of the National Financial Inclusion Taskforce (NFIT) under the Central Bank of Solomon Islands, and as such, says increased awareness of the accomplishments by women such as the savings by the Rokotanikeni Savings Group should be promoted and celebrated.
I couldn't agree more. Well done to all the members of the Rokotanikeni Savings Group for their inspiring work and commitment to financial literacy in Solomon Islands. Thanks a million, tank iu tumas!
Geoffrey Buchanan is CEO of ANZ Solomon Islands.