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Savings at the Frontier: Evidence Mapping on Informal Savings Mechanisms Image

Promoting Inclusive Markets and Financial Systems

Savings at the Frontier: Evidence Mapping on Informal Savings Mechanisms

Savings at the Frontier: Evidence Mapping on Informal Savings Mechanisms

Summary

SatF has been examining the evidence on the demand for, and supply of, formal financial services for users of informal savings mechanisms (ISMs) in order to discover which services and channels are most valued by the financially disadvantaged and what drives the business case for providers to serve them. In doing so it has found that in many cases, success can be found by creating formal account mechanisms that adapt ideas from ISMs.



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