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Savings Groups at the Frontier

Edited By Candace Nelson

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Savings Groups at the Frontier
ISBN: 9781853397769
Format: Hardback

Price: £31.30

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Savings Groups at the Frontier
ISBN: 9781853397776
Format: Paperback / softback

Price: £17.05

Was: £17.95

Savings Groups at the Frontier eBook
ISBN: 9781780447773
Format: eBook
£9.98

Savings Groups at the Frontier Look inside

  • Synopsis
    Savings Groups reach those rarely served by mainstream financial institutions.Maximum transparency, a profitable structure for saving, access to small loans and an annual lump sum of capital are the hallmarks of the savings group methodology. The outcome: empowered groups, made up mostly of women, who manage themselves as tiny financial institutions. Today there are savings groups in 60 countries with more than 6 million members, the result of initiatives carried out by dozens of international and local NGOs. What are the costs, required inputs, and anticipated outreach of these groups? How does replication take place? How sustainable are the groups? Is it feasible to integrate financial and non-financial services? Are linkages to the formal system desirable? What is the impact of groups on members and their households? How can performance be managed? This book addresses issues, not from the perspective of the financial institution, but in support of group members and savers who are managing their own financial services.This book is essential reading for all those concerned with extending financial services to the poor.
  • Table of Contents
    Prelims (Preface, Acknowledgements, Acroynms and Abbreviations)
    Introduction
    Jeff Ashe and Candace Nelson
    1.Savings Groups and Financial Inclusion
    Joanna Ledgerwood and Alyssa Jethani
    2.Saving Group outreach and membership
    Susan Johnson and Silvia Storchi
    3.Making it happen: approaches to group formation
    Paul Rippey and Hugh Allen
    4.Thrift-led Development
    Kim Wilson
    5.Pathways to Change: impact of group participation
    Megan Gash
    6.Performance Monitoring
    David Panetta
    Back Matter (Index)
  • Endorsements
    ‘The number of “savings groups” – local savings-and-loan clubs promoted and refined by NGOs and others – is growing fast, and their potential to help millions of poorer people manage their money better is clear. This well-written book skilfully balances the thrill of witnessing an exciting new movement emerge with a sober and carefully documented assessment of the challenges it faces.’Stuart Rutherford OBE, founder of SafeSave, author of The Poor and their Money

    ‘Nelson and friends provide a refreshing view of a niche in the microfinance industry where saving, rather than lending, is featured. The savings groups, so ably discussed in this book, are proving to be an inexpensive way of providing financial services to poor people, particularly in rural areas. ‘Three features of the book appealed to me: the emphasis on savings as a way of easing poverty; the recognition that informal finance provides valuable lessons for those designing programmes for poor people; and the solid body of knowledge that exists about how to design, promote, and support savings groups.’Dale W. Adams, Professor Emeritus, The Ohio State University

    ‘Microfinance has for too long been focused on ‘microcredit’, that is, getting poor people into debt. We are at last realizing that savings must be the starting point for financial inclusion, and saving money, like losing weight, is most easily done in groups. This book shows us what should have been the beginning of microfinance.’Malcolm Harper, Emeritus Professor of Enterprise Development, Cranfield University, UK
  • Details
    Sub Title No
    Author No
    Editor Candace Nelson
    Number of Pages 168