Showing results for "savings"
This podcast examines why it is important for financial institutions to digitize savings groups and the benefits that these organizations stand to gain by moving away from manual operations toward more digitized solutions.
This video focuses on why it is important for financial institutions to digitize savings groups, challenges that savings groups experience as they go through this transformational journey as well as the benefits that these organizations stand to gain by moving away from manual operations toward more digitized solutions. Watch and learn.
This blog examines EasyPlan, a new-age digital savings app that allows low- and middle-income segments to overcome their chronic state of under-saving. Read on to see how EasyPlan makes use of various behavioral nudges (including gamification) to make customers save more and better.
In view of the highly risky nature of saving in the informal sector, it is probably necessary to think more about helping clients understand the relative risk of saving in these semi-formal institutions. It should also be noted that the evidence from this study suggests that poor people do value some form of external accountability.
There are no magic formulas for designing appropriate savings products for poor people: it requires market research and careful, systematic product development. But the rewards for the Microfinance Institutions that undertake these exercises in terms of profits and client loyalty can be remarkable, and well worth the investment.
Do Financial Service Providers really understand the needs and perspectives of savings group members in Kenya, Tanzania and Uganda?