Tuesday, 10 April 2012
Saving as development
Lots of discussion in the last couple of weeks about banking services (and particularly credit) for the unbanked poor as part of development initiatives. Every time this issue comes up I get nervous. More credit is clearly not the answer as long as I work in South Africa, where household indebtedness is sitting around 75%. Savings, on the other hand, could make a real difference, if secure and easy and cost-effective. Like this great piece about Savings for Change on From Poverty to Power blog.