This is a discussion that I haven't really ventured into for some time. Easy to get caught in the weeds and needless arguments. But it is nevertheless a discussion worth having.
Hugh -- just to be clear, I like savings groups and find them a potentially powerful tool in certain contexts. But they're by no means the only answer, and will not address the needs of many who are still very much excluded from financial services.
I do also struggle with the very notion of financial inclusion on its own, and don't actually subscribe to the idea that financial inclusion is an inherent good, the way education or health care are. It can be a force for good, but just as often can bring harm. And even the good is arguably quite modest. The average family living on $2/day would take a steady, even if low-paying, job over any suite of loans/savings/insurance. It's too easy to oversell the importance of what we do. It can be useful, yes, but only rarely is it life-changing.
Finally, as to the idea of debt and savings and the appropriateness of each, a few years back I'd put together a framework to help guide one to the right answer. I find it helpful to re-read from time to time, and find it's still quite useful for me. You may find it useful too:
Daniel
__._,_.___
Posted by: danrozas@yahoo.com
Reply via web post | • | Reply to sender | • | Reply to group | • | Start a New Topic | • | Messages in this topic (4) |
Save time and get your email on the go with the Yahoo Mail App
Get the beautifully designed, lighting fast, and easy-to-use, Yahoo Mail app today. Now you can access all your inboxes (Gmail, Outlook, AOL and more) in one place. Never delete an email again with 1000GB of free cloud storage.
WARNING! If you hit REPLY, your message will go to the entire listserve, not just the original author!
.
__,_._,___
No comments:
Post a Comment