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What are savings groups?

Many savings groups’ initiatives are born locally, in a decentralized manner, and stem from long-standing cultural practices. Savings clubs, mutual aid groups, rotating savings and credit associations, and cumulative savings and credit associations are examples of methodologies and practices commonly found in various Latin American and Caribbean countries. This note outlines the characteristics of savings groups and their potential for impact on financial inclusion.

Cleo Turner
Cleo is DFI's CDFP coach and helps our students with the apply section of the Certified Digital Finance Practitioner (CDFP) program. As part of her role Cleo shares useful resources and insights from a wide variety of sources and authors with our community.

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