Saving money is often treated as an individual responsibility. But, based on what we’ve seen around the world, group savings can also be an effective method of building wealth. Because I come from a ...

The village savings group is the DIY method of microfinance: It empowers people, mostly the poor, by letting them pool their savings and lend to each other—all while bypassing formal financial ...

Saving groups are fast, convenient and the terms are favourable (Shutterstock) Savings groups can come in handy especially during an emergency or when you need a loan to kick start a project. They are ...

There has been plenty of discussion in recent years about the effectiveness of linking informal Savings Groups with formal Financial Service Providers. Some people will tell you that they are very ...

Financial Inclusion efforts for the world’s poorest people have particularly focused on urban areas, and have had some success. But there is a tremendous relatively untapped opportunity for the formal ...

On the opposite end of the spectrum, saving is facing increasing pressure. Rising inflation and the high cost of living have seen the Household Saving Rate decrease to -1.20% (the global average is 10 ...

If you've ever joined an ikimina -- a community savings and loan group -- you already understand one of Rwanda's greatest financial strengths: collective saving (kwizigamira hamwe).ALSO READ: When ...

Saving is a vital financial discipline in today's world. However, amid plenty of competing interests for our disposable income, it requires a component of accountability. Small groups are ideal for ...