No 'village bank' for us!
NGO projects often discourage villagers from joining more than VSLA or other savings association. Why?
While consulting with MicroSave in 2008 I visited Mazarpara village in Lower Assam with Abhijit Sharma of the Indian Institute of Bank Management (Guwahati). In this economically active but poor village near Guwahati ‘accumulating savings and credit associations’ (ASCAs) started over 3 decades ago. The average household (among 72) held investments (more…)
villagefinance 