Is There a Business Case for Small Savers?
For most of its history, microfinance has focused on credit. Savings, which are very important in helping poor people start a business, mitigate risks, and maintain at least a minimum level of consumption, has traditionally played a secondary role....
| Main Authors: | , |
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| Format: | Brief |
| Language: | English |
| Published: |
Washington, DC: World Bank
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2011/01/14721185/business-case-small-savers http://hdl.handle.net/10986/9457 |
| Summary: | For most of its history, microfinance
has focused on credit. Savings, which are very important in
helping poor people start a business, mitigate risks, and
maintain at least a minimum level of consumption, has
traditionally played a secondary role. In recent years,
Microfinance Institutions (MFIs) have increasingly
recognized the importance of savings and introduced savings
products. Now, faced with growing competition, many MFIs are
rethinking whether they can continue to provide the level of
cross-subsidies they believe is required to serve the low
end of the savings market, namely, the small savers. |
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