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2010 (1)

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Book
Financial promise for the poor : how groups build microsavings
Authors: --- ---
ISBN: 1565493656 9781565493650 9781565493391 1565493397 9781565493407 1565493400 Year: 2010 Publisher: Sterling, VA : Kumarian Press,

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Abstract

* Balanced assessment of recent savings-led programs in microfinance* Contributors include wide range of scholars and practitionersThe entry of the private sector into financial services for the poor is a relatively new development, but already the glossy promises of credit-led microfinance are facing scrutiny from the development community. Policymakers and economists have begun picking through the hype of microfinance to identify where and how top-down loans might fit into broader human development efforts. To many, the answer involves shifting focus to another financial service: savings. Serving as a strong and perhaps more effective tool than microcredit, micro savings is quickly becoming a lauded poverty-alleviation tool.Contributors to Financial Promise for the Poor cover current innovations in microsavings happening around the world. They describe how savings group members in the developing world are avoiding many of the financial liabilities and debt of other microfinance programs while gaining skills and finding opportunities in collective enterprise. The turn from credit to savings speaks to the growing empowerment of individuals and communities as they break the bonds of indebtedness and find their own paths to financial security.


Book
Community economies in the global south : case studies of rotating savings credit associations and economic cooperation
Authors: ---
ISBN: 0191897965 0192635050 0192635069 0198865627 9780198865629 Year: 2022 Publisher: Oxford, England : Oxford University Press,

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People across the globe engage in social and solidarity economics to help themselves, their community, and society on their own terms. 'Community Economies in the Global South' examines how people who conscientiously organize rotating savings and credit associations (ROSCAs) bring positive changes to their own lives as well as others. ROSCAs are a long-established and well documented practice, especially those organized by women of colour. Members make regular deposits to a fund as a savings that is then given in whole or in part to each member in turn based on group economics. This book spotlights women in Latin America, the Caribbean, Africa, and Asia who organize and use these associations, composed of ordinary people belonging to similar class origins who decide jointly on the rules to suit the interests of their members.

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