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Cash cows: Why bank accounts that work like livestock help the poor ...

www.csmonitor.com/World/Making-a-difference/Change-Agent/2013/1107/Cash-cows-Why-bank-accounts-that-work-like-livestock-help-the-poor

Nov 7, 2013 ... If a savings account worked more like owning a cow, poor people might be more willing to put their money in a bank.

BANKING THE POOR VIA SAVINGS ACCOUNTS: EVIDENCE ...

www.poverty-action.org/sites/default/files/publications/Banking the Poor via Savings Accounts.pdf

Jan 28, 2013 ... The majority of the poor lack access to bank accounts and have to use costly informal ... Saving promotes asset accumulation, helping to create a buffer ... such as storing cash at home, joining savings clubs, and buying livestock and ..... Households earned their income from varied sources: working as an ...

The economics of cow ownership: Udder people's ... - The Economist

www.economist.com/news/finance-and-economics/21587226-cattle-may-be-terrible-investment-decent-savings-vehicle-udder-peoples

Oct 5, 2013 ... These expenses are so high that cows are often a poor investment. ... Compared with money held in savings accounts, cattle are illiquid ... cash from a cow is harder than taking money from an account. ... a means of saving, the spread of mobile banking in places like India will ... Uncle Sam offers a little help ...

Saving in poor countries: Beyond cows - The Economist

www.economist.com/news/finance-and-economics/21618900-coaxing-does-more-boost-saving-compelling-beyond-cows

Sep 20, 2014 ... Beyond cows ... Economists would like the world's poorest to save more. That would help them to pay for big or unexpected expenses, such as school fees or ... One account, offered by a Kenyan bank, ties up money for at least six ... “People in poverty often need access to their cash at short notice, whether ...

The Economist explains: How can cows be good savings vehicles ...

www.economist.com/blogs/economist-explains/2013/10/economist-explains-6

Oct 15, 2013 ... Economists would like the world's poorest people to save more: with higher savings, the argument ... explain: "Things that make life a little less boring are a priority for the poor. ... Cash invested in a cow is more difficult to spend than money deposited in a ... Only one in five rural Indians has a bank acc...

The Crazy New Idea That Could Solve Global Poverty | TakePart

www.takepart.com/feature/2014/08/05/unconditional-cash-grants-for-global-poverty-aid

Aug 5, 2014 ... The best way to help in the developing world may be the most ... Husbands shepherd their few cows around, searching for patches of grass. ... For decades, international aid to places like Kenya has generally taken ... He'd just received his first cash transfer, a small amount meant to ensure his bank account ...

Banks Archives - The Borgen Project

borgenproject.org/category/banks/

An estimated 59 percent of adults in developing nations lack a bank account. ... operate entirely using cash or physical assets such as jewelry and livestock. ... us to adopt new technologies and work in innovative ways, like building electronic .... assert that unconditional cash transfers help the poor begin to create a better .....

Page 1 of 5 Show Them the Money: Why Giving Cash Helps ...

www.relooney.com/NS3040/000_New_1908.pdf

Nov 22, 2014 ... New research suggests that cash grants to the poor are as good as or ... Every year, wealthy countries spend billions of dollars to help the world's poor, paying for cows, ... to get $166 worth of local livestock and other assets to the poor, ... the World Bank, on how the effect of cash grants compares to that of ...

How we help | Poverty | Age International

www.ageinternational.org.uk/what-we-do/fight-poverty/

Age International's poverty work, charity helping older people in poverty, ... families, by helping with age-friendly loans; animal banks; training; and cash transfers. ... livestock animals like goats and cows is the same as owning a bank account.

The group savings resource book

www.fao.org/docrep/005/y4094E/y4094e04.htm

Experience has shown that group saving approaches can help the poor save more ... In kind savers normally save in food-grains, like maize or rice, or in livestock, ... The problem is that banks only accept cash savings, the cost of opening and .... formation: Identify poor members of the village who are interested in working in .....