This study explores the potential of internal and contextual factors that contribute to the formation of village savings and loan associations and provides a testimonial of individuals that benefit from those groups in northern Mozambique, part of the community-based savings groups (CBSG). The CBSG is the improved mechanism of that community initiative aiming to facilitate the expansion of these groups and promote a savings culture through raising awareness around the importance of saving and borrowing practices as well as creating linkages for the groups to undertake other development activities. Therefore, the groups are an integrated initiative that is distinct from but complementary to common microfinance initiatives. The groups not only can enable people to access financial services but also serves as a space for members to participate in community issues and to discuss challenges in a collective manner. The main findings of the research show a replication effect resulting from the increase of members and new groups contributing to the promotion of effective financial inclusion.