Beruflich Dokumente
Kultur Dokumente
BY
Aditya Prasanna
Sai Aditya
K V Sandeep
LIVE LIFE KING SIZE
Why have MFIs historically not emphasized savings as
much as credit?
• main reasons:
1. The movement’s aim is to help the poor, who were not thought of
as having much money to save;
2. In most countries, new credit techniques, not new savings
techniques, launched the movement,
3. Most of the institutions involved were NGOs, which were not
legally licensed to collect savings.
4. There are two key constraints that technology is
addressing, both equally important: proximity and cost.
• For a bank-sponsored savings product to be useful for a poor
family, the service needs to be easily accessible and at low cost.
• Poor people will not walk for hours to the nearest branch of a
bank.
Microsavings
• Microsavings
• division of microfinance
• comprises a deposit account with a nominal value
• provided to individuals or families with low levels
of income as a bonus for saving funds for the
purpose of future application.
Micro savings
•The micro-savings accounts function similarly as a general
savings account. Nevertheless, they have been planned for
small amounts
•Micro savings programs are commonly provided in
developing nations as a means to motivate saving for
educational activities and other types of investments in the
future.
•Micro savings is vital for the people who are facing
difficulties in a small-scale business or those in unsteady
economic condition.
Savings
What problems do credit-based financial institutions
commonly face when developing savings services?