|
PAC Newsletter January 2010 |
|
Poor people save because they must. Their income is rarely sufficient to pay for large expected expenses,
such as school fees, a wedding, let alone to cover critical situations like a sudden illness or flood. How can
MFIs help the poor to organize their minor income yet manage to get profit from their saving products?
This edition elaborates about the subject. There are also some interesting stories from client and MFIs
implementing unique successful practices of saving products.
|
|
Read more
|
|
|
Stuart Rutherford, the founder of SafeSave
(www.safesave.org), a money management
service for the slum-dwellers in Dhaka,
Bangladesh, has written about the phenomenon
of saving up and saving down in his book The
Poor and Their Money, which was republished
last year. Saving up is to create a usefully large
sum of money by storing it somewhere, while
saving down means taking a loan and repaying it
later out of future savings. |
|
Read more
|
|
|
The interest rate that a deposit-taking
institution pays and the fees it charges
depositors will affect its profitability, its
volume of deposits, and its competitive
position. |
|
Read more
|
|
|
Tips on saving product designs |
|
Two of the biggest obstacles to serving
low-income depositors are distance and
product terms. To provide convenient,
useful services to poor savers and remain
financially viable, most institutions must
employ alternative forms of staffing and
delivery channels. |
|
Read more
|
|
|
Get rated and build your business potential |
What is the Rating Fund?
Mercy Corps through the Bill & Melinda Gates Foundation and Cordaid is rolling out a new program called The Rating Fund. The
Rating Fund will provide financial assistance to enable MFIs to be rated by an accredited Rating Agency up to two times. The Rating
Fund will cover up to USD 3,000 for a first rating, with additional funding available for follow-up ratings. To date, the Mercy Corps
Rating Fund, has funded more than 30 MFIs including BPR, Coops, Credit Unions, BMTs, and other MFIs, mainly in Java and Bali. |
|
Read more
|
|
|
|
<< Start < Previous 1 2 Next > End >>
|
| Results 1 - 9 of 10 |
