Deep Outreach Financial Inclusion: Mass–Scale, Low Cost Saving and Borrowing for Those Microfinance Cannot Profitably Reach

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This paper discusses the advantages of savings groups as a tool to bring useful financial services to the rural poor. It presents the examples of Pact’s Women’s Empowerment Program, Saving for Change by Oxfam America/Freedom from Hunger, and Care’s Village Savings and Loan Association model to make a case for savings groups as the most appropriate tool to reach the poorest.

The paper states that reaching villagers at scale requires a shift from debt to savings and from building financial institutions to supporting freestanding savings and lending groups

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