Group items tagged

"GAFIS seeks to support development and rollout of useful formal savings products for poor households in developing countries. It aims to encourage more than an occasional quick touch between the poor and the formal financial system; it attempts to catalyze deeper and more intensive usage of financial products and services and, in particular, to enhance the usefulness of savings products. We hypothesize that a more useful savings product for the customer will indeed be used more and, ultimately, become a more sustainable/ profitable proposition for the financial institution."