Exciting and scary at the same time, when the regulators are still sleeping..
Thanks Paul.
anuj
From: MicrofinancePractice@yahoogroups.com [mailto:MicrofinancePractice@yahoogroups.com]
Sent: Friday, April 08, 2016 3:18 PM
To: MicrofinancePractice@yahoogroups.com
Subject: [MFP] Re: Call for Expressions of Interest - Innovations for Poverty Action
How about that? I just read Jeff's remark that "in Guatemala where Compartamos is now working they are attempting to recruit savings group promoters pay them a lot more and give the ex-promotoras a bonus if they deliver their groups to Compartamos."
I recently ran into a similar phenomenon in Kenya, where Equity Bank is paying some VSLA promoters a reported 100 Kshs - about a buck - for each SG member they bring in to open an account. Kind of flattering to the Savings Groups, to think that the members are experienced and serious and reliable, and will be good bank clients. That's what I would do if I were a banker: look for SG members as clients. They have credit and savings discipline and assets which I might be able to acquire if I can persuade them to take loans that are just big enough.
Paul Rippey
Posted by: Anuj Jain <ajain@stfx.ca>
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