Day: July 25, 2017

What it the future of Savings Groups in Mozambique?

By: Katia Agostinho(FSDMoç Market Development Analyst) According to the National survey on financial inclusion – Finscope 2014, the number of people with access to formal banking services has increased from 11.8% to 19.7% and the number of people served by other formal institutions (such as non-bank microfinance institutions And insurance companies) increased from 3.6% to 9.8%. The largest increase was among people using “informal financial services”, having almost doubled from 14.7% to 26.7%. Is within the informal financial services category that savings groups fit. So, among all available alternatives of financial services, family,