Savings Overview
 Historically, MFIs have offered mainly credit to a relatively narrow range of microentrepreneurs whose income hovers near their country's poverty line. Today, there is growing recognition that not all low income people are necessarily entrepreneurs, but all people need and use a variety of financial services, including savings.
Just like everyone else, poor people need a wide range of financial services that are convenient, flexible, and reasonably priced. Access to savings, money transfers, and insurance are all needed. The challenge is to understand and meet this demand among increasingly poor and remote populations.
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Latest Library Additions
Introducing Voluntary Savings
Guiding MFIs in the introduction of voluntary savings products
New Frontiers in Micro-Savings
Collecting savings deposits for the continued growth of the microfinance sector
Stability of Small Balance Deposits
Do deposits from poor individuals constitute stable long-term funding for MFIs?
Recommended Reading
Are Deposits a Stable Source of Funding for Microfinance Institutions?
Examining the nature of deposits from poor individuals
Savings Services for the Poor - An Old Need and A New Opportunity for MFIs in India
This MicroSave India Focus note focuses on the business correspondent model of savings.
Savings Banks and the Double Bottom-line: A Profitable and Accessible Model of Finance
A study commissioned by World Savings Banks Institute for the World Bank and Brookings Institute’s global conference "Access to Finance: Building Inclusive Financial Systems", Washington, D.C., May 2006.
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