Microsavings

Contrary to popular belief, the poor can and do save. Unfortunately, with close to half of the world's adult population excluded from formal financial services,  the poor often must save through inefficient and costly mechanisms.  For example in some instances, given the lack of options, poor people actually pay an intermediary to save their money for them.  In recent years the microfinance sector's attention has begun to broaden from its initial emphasis on microcredit to include microsavings.