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Savings Groups at the Frontier
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Savings Groups at the Frontier
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Savings Groups at the Frontier
Ebook290 pages3 hours

Savings Groups at the Frontier

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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.

LanguageEnglish
Release dateJan 2, 2014
ISBN9781780447773
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Savings Groups at the Frontier
Author

Candace Nelson

Candace Nelson is a serial entrepreneur, New York Times bestselling author, Wall Street Journal contributor and an expert in turning one’s passion into a profitable business. Candace revolutionized the baking industry when she left a career in finance to start Sprinkles, the world's first cupcake bakery and Cupcake ATM. She followed with the launch of Pizzana, a growing chain of award-winning pizzerias leading the third wave of pizza in the US. Candace continues to expand her portfolio of investments with CN2 Ventures and lives in Los Angeles with her husband, two sons, and Norwich terrier, Willy.

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