Showing results for "savings"
MSC worked on a project to generate insights about the specific financial needs, attitudes, perceptions, and behavior of commercial sex workers in India for the Avahan project. We employed sensitive and thorough qualitative research using our Market Insights for Innovation and Design (MI4ID) tools and designed savings products accordingly. Significantly, this project considered India’s 3 million CSWs as a customer segment for financial product development and used the insights to inform the product design.
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?
In this note, we discuss the savings that have accrued because of automation of fair price shops (FPS) in Andhra Pradesh and to an extent in Telangana.
Are the $2 Billion Annual Savings Arising from PAHAL Real? The blog examines the performance of Pahal, direct benefit transfer for Liquefied Petroleum Gas (DBTL) programme scheme in India.