the book

A Simple, Powerful Idea
The more than two and a half billion people who live on less than $2 a day need a better way to save and borrow. Members save what they can in a communal pot and loan their growing fund to each other for their short-term needs. Jeffrey Ashe and Kyla Jagger Neilan illustrate how these savings groups form and function and how little “outside” support is actually required for their success. Savings groups are a “catalytic innovation” that bypasses subsidies, dependency, and high costs while effectively increasing food security, building assets, and empowering the community. Today, saving groups have 10 million members around the globe – with minimal support, membership could grow to ten times this number. Check out the recent piece in the New York Times on savings groups and Jeffrey Ashe.

This slideshow requires JavaScript.

2 responses to “the book

  1. Congratulations Pro. Jeffe Ashe on the new model of savings combined with cash transfers. I have confirmed that savings in groups is the best model as compared with Microfinance. Looking at Joywo groups in Kenya, the savings groups are bound to excel.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s