Great initiative to address the issue of low capital available for lending that limits the growth of savings groups. A couple of questions:
- Have you monitored the evolution of average individual savings amount? My fear is the infusion of external funding kills the motivation of members to continue to save. As we all know, no saving means no more savings group...
- Also there is a risk of discouraging members attendance to meetings as the main objective of group meetings attendance is to bring their savings. Again no attendance to meetings means no group.
Thanks for sharing your experience.
Great initiative to address the issue of low capital available for lending that limits the growth of savings groups. A couple of questions:
- Have you monitored the evolution of average individual savings amount? My fear is the infusion of external funding kills the motivation of members to continue to save. As we all know, no saving means no more savings group...
- Also there is a risk of discouraging members attendance to meetings as the main objective of group meetings attendance is to bring their savings. Again no attendance to meetings means no group.
Thanks for sharing your experience.