[MFP] New Case Study from UNCDF MicroLead: Group Savings from Theory to Practice

 

Encouraging rural borrowers to save seemed a no-brainer for Uganda's UGAFODE, a deposit-taking microfinance institution (MFI). It would enable the MFI to mobilize more funds for on-lending and expand its product offerings to a relatively untapped market.

But things didn't go as planned. The six-month pilot revealed numerous challenges to their new GroupSave product, and account openings were well below targets.

What went wrong, and more importantly, what was the solution?

Explore the challenges and opportunities of linking savings groups to formal financial services for rural, low-income women and men in Uganda in the new case study from UNCDF MicroLead: Group Savings from Theory to Practice. http://www.uncdf.org/article/3430/group-savings-from-theory-to-practice

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Posted by: kweiss2001@gmail.com

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