Savings Clubs

Most of the poor people are not allowed by banks to deposit their small amout of money on a savings account. But what happens next for those groups of the population? The explanation why the banks do not accept their money, is simple: it is unpretentious for them to deal with such small amounts of cash. So less fortunate people had to form communities to gather their money, in order that it would be possible to save. This types of arrangements are unregulated and their money is unprotected of course. The question is, do they really want to be helped? (The Guardian)

Dhondt Simon