This is really neat! Thanks for sharing it Sybil.
The whole area of ‘connections between formal and informal’ needs much more open and practical dialogue. Depending on the context in which we are, in most places the informal economies and informal institutions constitute 60 to 90% of economic and human interactions, and often the economic models/ financial inclusion models and thinking continue to primarily focus on inclusion in formal economies and institutions. This really presents a dichotomy on the surface. And yet, we need to find ways in which people can transcend these two worlds more seamlessly; and have the option to do so without facing barriers.
Thanks for sharing this again,
Anuj
From: MicrofinancePractice@yahoogroups.com [mailto:MicrofinancePractice@yahoogroups.com] On Behalf Of Chidiac, Sybil
Sent: Monday, October 28, 2013 7:26 AM
To: MicrofinancePractice@yahoogroups.com
Subject: [MFP] Savings Groups to Formal Financial Inclusion
Greetings All,
You may find this article in the UK’s Guardian of interest to read as you start your day… A portion of the article touches on CARE’s financial inclusion work with VISA, Fidelity Bank and MTN in Ghana.
http://www.theguardian.com/sustainable-business/visa-banks-fight-poverty-nigeria
Happy Reading!
Sybil Chidiac | Senior Technical Advisor
Access Africa | CARE USA | Dar-es-Salaam, Tanzania
Skype : sybsmic | mobile: +255.785.556.435
See CARE's work in promoting financial inclusion through linkages of VSLAs to Formal Financial Institutions: http://www.youtube.com/watch?v=RA2fJhuQ-fQ&feature=youtu.be
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