Dear all,
Please join CARE, SEEP and Coady in the upcoming webinar on May 21st on Lessons, Opportunities and Challenges for Deepening Financial Inclusion. See below for more details.
Best wishes
Maude
Maude Massu
Microfinance Advisor
CARE International UK
Direct Line: +44 207 091 6054
Email: massu@careinternational.org Website: www.careinternational.org.uk
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Can Formal Work with Informal?
Lessons, Opportunities and Challenges for Deepening Financial Inclusion |
| Date
Wednesday, May 1
9:00 am EST
Location
Online Webinar
(Link will be provided closer to the event to registered users). RSVP Here | - Can VSLAs work with Banks and other formal institutions?
- What kind of preparation is needed among VSLAs and Banks/ institutions to do business together?
- What has been the experience of the Banks, MFIs, mobile money service providers?
These are some of the questions that will be explored in this webinar, based on experiences and lesson from 8 pilots in 5 countries (Rwanda, Tanzania, Kenya, Uganda and Malawi), linking VSLAs to institutions such as Barclays Bank, Vodafone, Vision Finance, and MicroEnsure. |
| The importance of expanding access to financial services for the world’s poorest people is increasingly recognised. But despite the growing international attention to the issue, numerous barriers remain. An estimated 2.5 billion people do not have an account with a bank or other financial institution, severely limiting their ability to save, invest and plan for their future.
The “savings revolution” taking place in many developing countries, which has seen millions of people join informal community savings groups, is now being recognized as a possible solution. These groups fill some of the gap left by the absence of banks by allowing members to save flexibly, access small loans to invest in small businesses, and build a social fund to strengthen their ability to cope financially with unexpected events such as an illness in the family. CARE’s Village Savings and Loan Association (VSLA) group model has proven to be one of the world’s most effective, with over three million members in Africa alone.
To respond to emerging demands of VSLA members for broader range of financial products and services, CARE has tested eight innovative pilots, linking informal savings groups with formal financial institutions, with exciting results that could help deepen the financial inclusion and connect the developing world’s “unbanked” with the formal global economy. Read more in “Connecting the World’s Poorest People to the Global Economy.”
On May 1st , 2013 at 9 am EST join the discussion on lessons, opportunities and challenges emerging from CARE’s 8 financial linkage initiatives.” Please RSVP here to let us know if you will join us.
You can find updated informaton online: http://www.seepnetwork.org/can-formal-work-with-informal---lessons--opportunities-and-challenges-for-deepening-financial-inclusion-events-65.php. Please note that space is limited! |
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