From microcredit to microfinance: evolution of savings products by MFIs in Bangladesh

@inproceedings{Dowla2003FromMT,
  title={From microcredit to microfinance: evolution of savings products by MFIs in Bangladesh},
  author={Asif Ud Dowla and Dewan A.H. Alamgir},
  year={2003}
}
This paper chronicles how the microfinance industry in Bangladesh has evolved from its initial focus on credit, disbursing standardized loan products and collecting obligatory savings to the development of flexible savings products. We describe the process through which the industry gradually moved away from compulsory savings and introduce flexible savings. We provide detailed descriptions of various savings related products used by MFIs in Bangladesh. We point out the numerous problems that… CONTINUE READING

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