>> Authored by Jeffrey Ashe, Fellow, Carsey school of Public Policy, University of New Hampshire; Research Fellow: Global Development and the Environment, Tufts University
I read the recent World Bank News Flash entitled “International Funding for Financial Inclusion” . In 2013 a total of $31 billion was invested in financial institution building, but what if just the grant proportion if this amount, $2.9 billion, was invested in training savings groups?
Savings Groups for Those Microfinance Cannot Reach By Jeffrey Ashe, Director of Community Finance, Oxfam America Financial Institutions cannot make money on a US$ 50 loan or managing US$ .25 savings deposits. Yet, tiny loans and savings deposits are the financial services … Continue reading →