Tag: Savings & credit cooperatives

There are no magic formulas for designing appropriate savings products for poor people: it requires market research and careful, systematic product development. But the rewards for the Microfinance Institutions that undertake these exercises in terms of profits and client loyalty can be remarkable, and well worth the investment.

This BN targets savings from two perspectives: The Poor, who traditionally prefer “structured and committed savings mechanisms and the MFIs, who “tend to use a strategy of ‘permanence and growth’.

This paper compares user-owned or ”common-bond” MFIs in West and East Africa with special emphasis on the savings services they provide.