World Savings Bank Institute

Financial Inclusion

PURPOSE:

Develop innovative business models that address barriers to saving for low-income populations in Senegal, Cote d'Ivore, Uganda, Kenya, Nigeria, Morocco and Mali

Why We Partnered:

World Savings Bank Institute (WSBI) represents the interest of 6,000 savings banks in 80 countries in the Americas, Africa, Asia and Europe. WSBI successfully partnered with the Bill and Melinda Gates Foundation to complete the “Doubling the Savings Accounts” across 10 countries. This project will reach 1 million new clients living on less than $2 per day by expanding on the success of the “Doubling the Savings Accounts” project. It will do so by supporting banks to develop a sustainable business model to demonstrate that low-balance savings accounts can be profitable. WSBI will provide technical assistance to banks to develop and deliver savings products that not only increase access to financial services, but also drive ongoing usage of those services. WSBI will conduct research on new pricing models to helps banks establish a business case for low-balance savings, and at a household level to determine feasible pricing models for low-income clients.

www.savings-banks.com