Savings Services for the Poor: An Operational GuideMadeline Hirschland Kumarian Press, 2005 - 378 pages * Written from the expert perspective of many different regions and institutional types on microfinance * Both a necessary primer on microsavings and an aid for anyone concerned with small and rural depositors In Savings Services for the Poor, Madeline Hirschland and other leaders in the microfinance field provide practical guidance for developing and managing sound savings operations for small and rural depositors. Drawing on experience from across the globe, this book addresses two types of institutions: microfinance institutions that want to develop savings operations and mainstream financial institutions that seek to go "down market." Forty case studies illustrate the key technical and management issues faced by banks, cooperatives, microfinance institutions, and self-help programs. Practical tools are also provided for managers to assess an institution's capacity to mobilize deposits, analyze the market for savings, develop financial projections and cost savings products, manage liquidity and interest rate risk, review its internal controls, and develop an incentive scheme for staff dealing with savings mobilization. While the authors seek to reach managers, board members, and technical assistance providers of financial institutions working on their savings operations, this book will be of great interest to anyone concerned with financial services for poor and rural markets. |
Contents
Figure Intro1 Financial Services and the Poverty Spectrum | 4 |
Part I | 7 |
Why Do the Poor Need Savings Services? | 15 |
Copyright | |
39 other sections not shown
Common terms and phrases
activities administrative costs amount asset liability management assets ATMs attract audit average balance Bangladesh Bank Rakyat Indonesia bonus branch manager cash cell challenges changes Chapter Collection Sheet collectors competitive contractual product cooperatives credit unions customers CVECAS delivery system demand deposit accounts developing EA EA email interchange employees example fees financial institution financial services fraud funds groups Hatton National Bank Hirschland incentive scheme income increase institution's interest rates interest-rate risk internal controls investments liabilities liquidity management market research maturity meet MFI's microcredit microfinance MicroSave minimum mobilizing deposits monitoring monthly months NABARD Nairobi offer passbook payments percent policies poor profitability promote ratio records require rural depositors SafeSave savers savings accounts savings mobilization savings operations savings products savings services serve smart card staff members strategy Tangail tion traditional cost allocation transactions volume of deposits voluntary savings VYCCU withdrawals WOCCU