October 2012 - Saving: the forgotten half of microfinance?

While the term “asset building” applies to a wide spectrum of opportunities and activities, from traditional banking through to social networks, here  the focus is on saving – often called the “forgotten half of microfinance”.

For European MFIs, the temptation to disregard saving is strong, and easy enough to understand. Rigid regulatory frameworks the political drive for growth have created an environment where saving is viewed asoutside the scope of microfinance.

This paper aims to redress the balance. It sets out the case for saving, the  implications for microfinance in Europe and some of the innovative interventions being developed, tested and implemented by EMN members.