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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.

Show Them the Money | Foreign Affairs


When it comes to reducing poverty, therefore, simply sending cold hard cash is often ... countries spend billions of dollars to help the world's poor, paying for cows, ... of procuring and giving away goats, textbooks, sacks of beans, and the like. ... Many Western organizations give poor families livestock, along with training in ...

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


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 ...


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 group savings resource book


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 .....

How we help | Poverty | Age International


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.

GAFIS Focus Note 2: Stylizing savings behavior to better serve poor ...


Bankable Frontier Associates (BFA), working with five leading banks: Standard Bank ... innovations that make accumulating savings in a bank account a more ... suggested that when the poor find mechanisms to help them manage their cash flow, they can be .... “Like buying a cow” ... Savings Type C: Like saving in livestock.

Is it nuts to give money to the poor? - Chris Blattman


Aug 19, 2013 ... Instead of funding schools or wells or livestock, GiveDirectly has ... “Dear governments,” I wrote, “Want to help the poor and transform ... That probably mattered a lot, and we simply don't know if pure cash will work as well. ... Heifer International, who give cows and training instead of cash. ..... Account no.

Do basic savings accounts help the poor to save? Evidence from a ...


Dec 31, 2011 ... to a formal savings account enable poor households to save, accumulate ... access to a formal bank account on assets accumulation, ... Treatment households seem to have less cash at home, to spend .... savings defaults, as they do not have access to a bank account and work in the informal sector, and.

Livestock loan | Age International


We creat 'livestock banks' where a goat or a cow can breed and the livestock can be passed ... Every year we help more than 55,000 older people to earn a living by providing ... In other words - owning livestock acts just like owning a bank account. ... Conflict continues, 5 years after independence Our work in South Sudan .

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Money pools: a centuries-old savings tool reinvented - CSMonitor.com


Feb 21, 2014 ... In other words, the team aspect of money pools helps you not spend every ... cows: Why bank accounts that work like livestock help the poor ...

Saving in poor countries: Beyond cows - The Economist


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 ...

America's 50 Worst Charities Exposed - Mercola


Aug 7, 2013 ... We'd all like to think our hard-earned dollars are going to be used ... The other 97 cents goes into the bank accounts of the company's ... Data from this investigation show the worst charities devote less than four percent to direct cash aid. ..... Particularly owners whose animals are work partners (farm work, ...