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Informal Savings Mechanisms (ISMs) have long been important to many people’s day-to-day money management across Africa. But as formal financial services become much more prevalent in the region, what will happen to these ISMs? Will they fall by the wayside as the digital revolution takes over?
The Gateway sat down with Sybil Chidiac of Grameen Foundation to discuss what works and what doesn't when tailoring savings groups to serve vulnerable populations.