Chris De Noose, Managing Director, World Savings Banks Institute (WSBI) With Assistance From: Anne-Françoise Lefèvre, Mina Zhang, Mamadou Diallo, WSBI Microsavings, and savings in general, are increasingly viewed as a core basic banking service and a safety net to be used in case of need. With the recent expansion of microcredit, it was also evidenced that microsaving is a key enabler to finance productive activities and help microcredit reach its full effectiveness. Savings and socially committed retail banks have long worked towards financial inclusion and the development of their local communities. The provision of microfinance services enables them to improve access to finance and reach still unbanked categories of the population. Their experience of collecting small deposits, their broad distribution network, the confidence that people have in them have been successfully put to the service of lowincome people and unserved entrepreneurs, through proximity channels, for example postal networks in Africa, linkage with unregulated community-based organisations in Asia, and dedicated business entities in Latin America.
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