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Sabahat commented on Leveraging informal savings networks

Thanks Andre! Those are important questions. Too often, formal FIs create a pink debit card and call it a day re: promoting women's financial inclusion. :-/ We need to show that these women's savings groups deal with all the same issues as a normal FI and manage to work around them.

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Sabahat commented on Leveraging informal savings networks

Thanks Shane! I love MAF's goal of bringing information to credit agencies that would otherwise be dismissed and definitely support them. They are leveraging the trust factor that already exists withing a community to build credibility with the formal FIs....brilliant. And gives me more ideas :)

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Sabahat commented on Leveraging informal savings networks

Thanks Meena! Great article about an exciting initiative. I found this part esp insightful: "One of our informants....conveyed that.... its was reassuring to be visited by a trusted outsider with sound financial knowledge...." This sort of intangible benefit can have enormous returns but are rarely discussed in financial inclusion circles.

And the Ahmedabad story is a really interesting way to channel loose change that would otherwise get lost. It would be really great to know how they incentivised the at-first reluctant vendor to ensure his continued cooperation.