Introduction to Alternative Saving Models

Alternative saving models are financial products and services designed to help underserved individuals borrow and save money. This introductory course explores different types of saving models by focusing on saving circles in emerging economies. It combines insights from observing new digital tools and best practices as they are deployed in the field. This 1-hour introduction will help you understand the emerging trends in the digitalization of social interactions and risk pooling among underserved communities and provide you with the tools to understand the trends in DIGITAL SAVING CIRCLES, including ROSCAS, SACCOs and TONTINES.

Course Type:
Online Micro-Learning
Course Level:

Learning Objectives

Who is this Course for

Skills Covered in this Course

Structure of the Course

Part I – Short Introduction

Part II - Alternative saving models in the digital world

  • Introduction to SAVING CIRCLES
  • ROSCAs, SACCOS & Tontines
  • The advantages and disadvantages of SAVING CIRCLES
  • SAVING CIRCLES in the digital world


More Information

Where: On F4L Academy LMS

Duration: approx. 1 hour

Time Limit: 90 days

Price: 39.99 USD


Alexander Hizikias
Founder and CEO at eQUB

Alexander Hizikias is Co-founder & CEO of eQub, a disruptive fintech startup working to provide access to credit through saving groups & lending circles. He is an entrepreneur with a background in Economics, who is also responsible for creating multiple successful Ethiopian startups in different sectors. Strong experience in research, business management, finance & marketing. Passionate about technology & innovative value-addition. He's also a published author & poet who enjoys creative writing.

What Others Have to Say About Our Courses

Douglas Dubitsky
Retirement Income Export
GoalBased Investors

“The instructors explained the content very clearly. The most important takeaway for me from the course was the universality of the longevity challenges and opportunities. In addition, the reality of the aging population demographics vs. the perception of what financial institutions are promoting.”

Nil Meral

“Overall, I rate the course “Excellent”. Thanks a lot for all the great sessions.”

Barbara Rey Actis
Entrepreneur and author
Longevity Initiatives

“I would like to congratulate you on the organization of the course. The content, the material, the duration, all the concepts, and the explanations were great. I love the Slack tool for creating community also. I am very, very happy with all the knowledge I acquired after taking this course. Thank you.”