Tuesday, March 1, 2011
Girls' Choice Savings Accounts
Population Council staff members are working with two financial institutions in Kenya and two in Uganda that are developing ways for low-income clients to save money. We are working closely with them to develop appropriate products and services for adolescent girls. We are also partnering with MicroSave, a consulting company specializing in financial product development. Girls who open these special savings accounts are able to make deposits of very small sums, many times less than a dollar, and in return they are required to attend regular peer group meetings with mentors who teach them how to budget and set goals, as well as about health and safety.
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