Financial Promise for the Poor: How Groups Build Microsavings : how groups build microsavings

Covers current innovations in microsavings happening around the world. It describes 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.