Microfinance started with a common vision to improve economic
opportunity for the poor, but that vision has become blurred in
recent years, with some now seeing microfinance as just another
business market. This book takes a refreshing look at how local
systems of savings and lending, though extremely simple, bring the
industry back on track.
Provides a useful overview of the current state of practice in an
expanding field of approaches that is promoting the savings-led
model. It usefully highlight the key questions and issues that this
field is currently discussing.
Rich in interesting examples of both traditional and NGO
facilitated savings groups. I would particularly highlight the
thought provoking and important questions raised in the last
chapters. The editors remind us that there is no magic bullet to
resolving poverty, and that we as practitioners must remain sober
about our role and the effects of our interventions. A most welcome
contribution to the field!
Savings groups are the core engine of financial assets for the poor
and this book gives us a rare view of them that cuts across
geography, structures and degrees of institutionalization. This
collection provides an honest view of savings groups what they are
and what they are not and as such offers readers a perspective of
how these important mechanisms fit within the financial lives of
the poor.
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