Savings Overview

Historically, microfinance institutions have focused primarily on credit services which they offer to a relatively narrow range of microentrepreneurs whose income hovers near their country's poverty line. Today, however, there is growing recognition that not all low-income people are necessarily entrepreneurs or need credit, but that all people need and use a variety of financial services, including savings, money transfers and insurance.

Poor people, just like everyone else, need a wide range of financial services that are convenient, flexible, and reasonably priced. The challenge is to understand and meet this demand sustainably among poor and remote populations.