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A Spotlight on Effective and Inclusive Savings
Saving for an unpredictable future is one of the few genuinely universal life tenets. But for much of the past 40 years, the microfinance sector has focused overwhelmingly on credit. As Sam Mendelson and Daniel Rozas at e-MFP explain, that's one reason the 2020 European Microfinance Award is focused on “Encouraging Effective & Inclusive Savings.” They discuss the benefits of savings in introducing the €100,000 award – which is open for applications until April 15.
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