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Item Details
Title: IN THEIR OWN HANDS
HOW SAVINGS GROUPS ARE REVOLUTIONIZING DEVELOPMENT
By: Jeffrey Ashe, Kyla Jagger Neilan, Frances Moore Lappe (Foreword)
Format: Paperback

List price: £17.99
Our price: £13.13
Discount:
27% off
You save: £4.86
ISBN 10: 1626562180
ISBN 13: 9781626562189
Availability: Usually dispatched within 1-3 weeks.
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Publisher: BERRETT-KOEHLER
Pub. date: 1 October, 2014
Series: UK Professional Business Management / Business
Pages: 240
Description: Drawing on his long, distinguished career in international development and his personal experience helping to build savings groups, the author explains how this simple and powerful approach works.
Synopsis: Two and a half billion people worldwide, too poor and too rural to be served by traditional financial institutions desperately need a better way to save and borrow. Jeffrey Ashe and Kyla Jagger Neilan say the answer is savings groups. In savings groups, members put what they can in a communal pot and make loans to individual members for needs like buying food to survive the "lean season" before the harvest, building a business, investing in livestock, or paying school fees. Once a year, the entire pot plus interest on loans is divided among the members. Unlike other poverty alleviation options, savings groups are run entirely by their members, and, they spread by word of mouth from village to village, allowing them to reach remote areas with remarkable success. By catalyzing the problem-solving capacity of the poor they avoid subsidies, debt, dependency, and high costs while reducing hunger and building assets and solidarity. Ashe and Neilan show that applying savings group principles could revolutionize development in areas as diverse as health, agriculture, education and grassroots political empowerment. "Being organized gives us courage," as one woman said.It is their courage translated into action that explains the success of "in their own hands" development.
Illustrations: colour plates
Publication: US
Imprint: Berrett-Koehler
Returns: Non-returnable
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