SAVINGS MOBILIZATION IN RURAL AREAS LESSONS: FROM EXPERIENCE

Kojo Spio, Jan A. Groenewald and Gerhard A. Coetzee

Agrekon, 1995, vol. 34, issue 4

Abstract: Two myths or assumptions led to neglect of mobilization of savings in the rural areas. These myths seem to dissipate with time. The first myth is the asswnption of pervasive rural undersavings; the second is the asswnption that demand for financial savings instrwnents is low. A large amount of empirical evidence from Asian, Latin American and some African countries suggest that the rigid notion of low or zero savings capacity of poor rural households does not hold true. This paper looks at the old approach of rural finance, argwnents for and against rural savings mobilization, bottlenecks and conditions for effective savings mobilization in rural areas.

Keywords: Agricultural and Food Policy; Agricultural Finance; Community/Rural/Urban Development (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:ags:agreko:267850

DOI: 10.22004/ag.econ.267850

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