Savings In Microfinance Institutions Legal Framework
Savings Saving is a very important financial service, which can help people in smoothening their cash flows and use money when it is required rather than when it is earned. Any extra or residual income after meeting all expenditures can be called saving. Savings play an important role in reducing the vulnerability of the poor. Earlier there was a notion that the poor don’t or cannot save. It was later realized that the poor too can save; there is only a need for a suitable product to capture these savings....