Scale2Save Campaign
Micro savings, maximum impact.
The case study has applied the CGAP customer outcome indicator framework to test the impact of a new basic savings product positioned in the financial inclusion market and designed to encourage digital and/or remote account opening and transactions.
As a member of the WSBI and part of the Scale2Save program, a prominent retail bank volunteered this product for a case study.
The objective was to assess if the CGAP customer outcome indicator framework could be applied as a measuring tool to determine whether or not:
- The design, positioning, performance and management of the product are working as intended;
- The product is indeed improving the lives of target customers;
- The bank is contributing to Uganda’s Financial Inclusion goals.
The CGAP customer outcomes indicators are generated from supply-side data and can be used internally by providers to measure their levels of customer-centricity. The ultimate objective, however, is for the jurisdiction’s authorities to have a quantifiable, comparable and consistent way to:
- Detect which strategies, policies, practices, activities, products/services work for or against the customer;
- Assess the impact of financial services at a market level for all customer segments; and
- Determine if, and to what extent, providers in the sector are improving or detracting from national goals.
Since the focus of the Uganda case study is Financial Inclusion, focusing on savings, the jurisdiction-specific context was informed by the Bank of Uganda’s (BoU) Financial Inclusion Strategy, 2017. The five main strategic goals classified twenty gaps that the BoU had set out to address. These gaps were therefore used as the basis to map the global CGAP indicators to Uganda’s context.
Download the case study here
Scale2Save
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