FinDev Guide

Guide to Inclusive Savings

A curated list of recent work on inclusive savings solutions for low-income customers
Man in a pottery studio making clay pots

31 October is World Savings Day! Dedicated to the promotion of savings around the world, this day highlights the necessity everyone has to save for the future. There are many ways to save - through bank accounts, savings groups or other informal mechanisms. And there are many reasons to save – to cover a future expense, smooth income or set aside a cushion for emergencies. But everybody needs a way to save, regardless of their income level. People at the bottom of the pyramid, with low and irregular incomes, especially need a safe place to save to help reduce their vulnerability

This resource guide, published in partnership with the Savings Learning Lab at Itad, highlights recent work on inclusive savings solutions for low-income customers.

Business case drivers for financial service providers

What Constitutes a Viable Business Model for Small Scale Savings?

This paper highlights three different business models for targeting low-income customers with small scale savings developed by Centenary Bank in Uganda, Lapo Microfinance Bank in Nigeria and Advans Microfinance Bank in Ivory Coast.

Drivers of Financial Services Innovation

This research on eight FSPs in Tanzania and Ghana aims to support the development of innovative financial services for users of informal savings mechanisms, by recording innovation processes and identifying innovation drivers and barriers within organizations.

The Business Case for Linkage with Informal Savings

This note summarizes practices and lessons learned from the Savings at the Frontier program on providing funding and technical assistance to financial service providers to develop products and services for savings groups and their members.

Strategies, tools and approaches to develop inclusive savings solutions

Scale2Save Persona Segmentation Toolkit

This online interactive data portal supports practical market development and data-driven product development for financial service providers using financial access data, demographic, and socio-economic household data in Nigeria.

"Yes I Get It. Small Deposits Do Make Sense." - Lessons From a Pilot With Airtel Payments Bank on Client Communication

This slide deck charts the journey of a behavioral communication pilot to encourage women to make small saving deposits.

Savings and Retail Banking in Africa: Unpacking the Customer Through Demand Side Data

This publication highlights the experience of three financial service providers in Africa who took a data-driven, customer-centric approach to operations and product portfolios.

The Role of Data Analytics in Business Development in Low-Income Markets

This publication details three tools to help financial service providers achieve access to customer data, face the proximity challenge of delivering digital financial services, and use public data to quantify market opportunities.

Evidence and impact

Savings Evidence Map

This evidence map provides consolidated access to evidence related to savings-focused financial inclusion and enables users to navigate and find existing evidence as well as identify existing gaps.

Linking Formal Financial Services With Informal Savings: Reflections From QuIP Studies of the Savings at the Frontier Programme

This report presents the findings from qualitative evaluation studies into the impact of a series of financial innovations designed to link informal savings mechanisms to formal financial services under the Savings at the Frontier (SatF) program.

Savings and Financial Health

This meta-study explores findings from the savings literature that relate to the key elements used to define financial health and explores how savings contribute to financial health.

Savings and Climate Resilience

This knowledge review focuses on successes and challenges in building up climate resilience through savings across three dimensions: disaster preparedness, response and adaptation to climate change.

Leave a Comment

Comments on this page are moderated by FinDev Editors. We welcome comments that offer remarks and insights that are relevant to the post. Learn More