Chris De Noose, Best Practices in Community Managed Savings Groups and Other Forms of Micro-Savings...
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Transcript of Chris De Noose, Best Practices in Community Managed Savings Groups and Other Forms of Micro-Savings...
Best practices in microsavings for successfully and sustainably reaching the poor
Global Microcredit Summit
16 November 2011
The World Savings Banks Institute (WSBI)
International retail banking association
112 members in 89 countries
Sister organisation: European Savings Banks Group (ESBG) (29 members in 25 countries)
www.savings-banks.org
Savings banks serving the low end of the market
A broad understanding of microfinance services Ad hoc microfinance vehicles and
programmes Accomodate the needs of small clients as part
of the regular banking offer
Accessible and proximity banking institutions
Low requirements to access the services
Stakeholder business model and double bottom line banking approach
Regional experiences - Europe
Fight against financial and social exclusion (self-employment, enterprise creation)
Support to finance SMEs
Cooperation with microcredit and business support actors
Regional experiences - Asia
Large outreach in rural areas through innovative channels to serve small and remote savers
Linking informal small savings to the formal banking sector
Empowering women through small savings
Introduction and promotion of a savings’ culture
Regional experiences - Africa
Utilisation of post offices to provide small balance savings accounts
Savings as a core business line
Product offer specifically targeting small balance savers
Serving women micro-entrepreneurs
Regional experiences – Latin America
Microservices offered through dedicated entities
Expansion of distribution channels through non banking agents
Remittances as an entry point to give access to savings accounts
Main challenges and opportunities moving forward
Overcoming the attractiveness of informal savings vehicles
strengthening the savings products and services offer: usability, sustainability
Improving the business environment
Regulatory framework
Institutional reform
Entering partnerships and building on complementary skills
Developing alternative distribution channels
Best practices in microsavings for successfully and sustainably reaching the poor
Global Microcredit Summit
16 November 2011