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Saving for Change: Why is it so difficult for people of all income levels to save money – and how can financial institutions help?
Saving money is hard - particularly for the poor. And with a lack of formal savings options, many poor people end up hiding cash, investing in assets such as livestock or land, or engaging in informal savings arrangements. Yet for those who can stow away even a little money, the benefits can be enormous. Roxanne Bauer explores why saving is so difficult, and what financial institutions can do about it.
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NexThought Monday – We’re in this Together: With the Practical Impact Alliance, MIT building broad network to support BoP enterprise development
In February, D-Lab hosted a workshop for representatives from 15 multinational corporations, social ventures and non-governmental organizations, including Unilever, Danone, Vodafone and the Grameen Foundation. It led to the creation of Practical Impact Alliance, a community of change-makers from within leading business, social and academic actors to accelerate impact on global poverty.
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- Education
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