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Reaching The Poorest Through Microfinance: Learning From Saving For Change Program In Mali, Mukul Acharya

Open Access Dissertations

This study used secondary data to analyze the Saving for Change (SfC) program of Oxfam America in Mali. SfC uses a model of microfinance that is based on education and savings-led approach and self-help methodology. The program teaches the poorest women how to form and manage a group to handle savings and credit related needs. The group learns to systematically collect savings from its members; lend the money to its members with interest and keep a record of all transactions. SfC has created an oral recordkeeping system which is helpful for groups that have mostly or all illiterate women. The …