Grameen Foundation Launching Initiative to Give Safe Access to Savings Accounts - Bill & Melinda Gates Foundation

Grameen Foundation today announced a new initiative designed to expand safe access to formal savings accounts for poor people, especially those living on less than $1.25 per day.  The Microsavings Initiative, which is supported by a $9.78 million three-year grant from the Bill & Melinda Gates Foundation, will work with microfinance institutions (MFIs) in Ethiopia, India and the Philippines to test and refine models that can be used by other institutions to provide savings options for people living at the very bottom of the economic ladder.

To read the full press release, visit the Grameen Foundation web site.