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Saving groups: VICOBAs and MUSOs, features and effects

The driver of our discussion is the identification of the effects of financial inclusion, when occurring through savings groups. We can distinguish three main effects: the redistribution of incomes, the accumulation of resources (savings) and the improvement of social capital. These outcomes vary greatly according to the methodology used within the saving group, and we will illustrate this with two examples.

Why Afghanistan needs digitalization to achieve more financial inclusion.

When I told my wife that I was going to start a microfinance impact assessment project in Afghanistan, she was very confused. And I was, of course, expecting such a reaction. People associate Afghanistan with war, terror, and extreme living conditions. But this has not always been the case.