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Muktinath Bikas Bank offers eight different savings products, specially designed for rural and low-income people in Nepal. The 2020 European Microfinance Award winner shares their experience with savings from before and during the pandemic.
World Vision shares how they are working to support community-level financial institutions and promote grassroots-level transformation of the financial system
Informal Savings Mechanisms (ISMs) have long been important to many people’s day-to-day money management across Africa. But as formal financial services become much more prevalent in the region, what will happen to these ISMs? Will they fall by the wayside as the digital revolution takes over?
The Gateway sat down with Sybil Chidiac of Grameen Foundation to discuss what works and what doesn't when tailoring savings groups to serve vulnerable populations.