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Presentation Title

Portfolios of the Poor: Saving Groups

Student Presenter(s) and Advisor

Yuhong Xie '14Follow
Gabriel Gamez '13Follow

Location

Young 320

Abstract

How can saving $2 a week result in significant improved quality of life? In various settings where people live on $2 or less a day, savings groups are providing those not served by traditional banks with a practical alternative for accumulating capital and enhancing community well-being. These voluntary, community-based and self-managed groups result in increased social capital, improved entrepreneurial empowerment of women, and strengthened economic development. Savings groups are often combined with other economic development activities that may include distribution of social products, such as solar lanterns, and expanding the availability of agricultural inputs, such as seeds and fertilizer.

Presentation Type

Individual Presentation

Start Date

4-9-2013 10:40 AM

End Date

4-9-2013 11:00 AM

Panel

Panel: The Promise and Perils of Poverty Alleviation: Microfinance, Savings and Value Chains

Panel Moderator

Les Dlabay

Field of Study for Presentation

Business

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Apr 9th, 10:40 AM Apr 9th, 11:00 AM

Portfolios of the Poor: Saving Groups

Young 320

How can saving $2 a week result in significant improved quality of life? In various settings where people live on $2 or less a day, savings groups are providing those not served by traditional banks with a practical alternative for accumulating capital and enhancing community well-being. These voluntary, community-based and self-managed groups result in increased social capital, improved entrepreneurial empowerment of women, and strengthened economic development. Savings groups are often combined with other economic development activities that may include distribution of social products, such as solar lanterns, and expanding the availability of agricultural inputs, such as seeds and fertilizer.