It is estimated that at a country level in India, a mere 20% or less of the 100 million savings accounts opened so far are active and the rest 80% of the accounts become dormant.
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Prevailing wisdom holds that the ultra-poor are too poor to save money. This study examines the savings behavior of ultra-poor women served by the Livelihood Pathways for the Poorest project, which is jointly implemented by Grameen Foundation and the Livelihood School (part of BASIX group of companies), in Gaya District, Bihar, India.
The mobile phone is gaining widespread popularity as a means to bridge the “last mile” – to bring information and financial services to people without ready access to them. To get a better picture of how to best deliver mobile services, we conducted a case study with our partner, Cashpor Microcredit, based in Varanasi, India.
This case study presents work done with CARD Bank in the Philippines as part of a larger savings mobilization project with Grameen Foundation to introduce a new type of savings product and expand CARD’s market share to poor savings clients.
For over 30 years, microfinance institutions (MFIs) have been successfully serving some of the poor and poorest people around the world, primarily with credit products. Generally however, MFIs grapple to successfully add savings services to their portfolio of financial products.
This report examines if and how mobile phones can improve financial literacy amongst the poor. It details the findings from our pilot performed in Uganda from March through December 2010.
Grameen Foundation’s holistic approach to microsavings provides the framework and tools to develop and offer convenient, accessible, and secure poverty-focused savings programs while building sound financial, organizational, and operational practices that help transform microfinance institutions (MFIs) from credit-led to demand-driven institutions.
June 22, 2013
Just over three years ago, I found myself in a developing country managing a project that would help about 350,000 poor people save money.
May 31, 2013
The following post was created from a new case study written by researchers at Grameen Foundation India and edited by Kimberly Davies. Cross-posted from NextBillion.net
February 04, 2013
Originally posted on our AppLab Blog. Fredrick Ndiwalana is Relationship Manager, Applab Money Accelerator, and Ali Ndiwalana is Research Lead, AppLab Money Incubator, at Grameen Foundation Uganda.