Mahrusah Zahin

March 21, 2013

Youth building a world of savers, peer-by-peer

"The global financial crisis has turned us into a world of savers," The Washington Post reported recently. "Including the poorest among us." Of course people all throughout history, in every culture, have found ways to store away money for a rainy day. The difference today is the growing access to more organized, safer ways to save money. Access is not the same as adoption, however. For the poor to adopt new savings tools, requires, as the story notes, "building the trust of the poor, penny by penny," which can be very slow. It shouldn't surprise you to learn that