Savings Groups in Latin America and the Caribbean Series: Note 1: What Are Savings Groups?: The Evolution of Group Mechanisms for Savings and Credit
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This document was written by consultant Xavier Martín for the ProSavings Program under the supervision of Andrea Reyes and Avril Perez, and the direction of Fermin Vivanco. The ProSavings Program, led by the Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank, promotes the development of business strategies to offer liquid and commitment savings products and services tailored to low-income recipients of government payment programs in Latin America and the Caribbean.