Savings accounts can help households put aside money for large farm and non-farm expenses. Formal savings accounts offer the added advantage of security; they can also serve as collateral should a household decide to borrow.
Report: The 2015 international FGDA conference, "Improving Financial Inclusion of Smallholder Farmers”, brought together industry experts from MFIs and agricultural finance providers to exchange ideas and share best practices to close the financing gap for smallholder farmers.
Savings
Savings accounts can help households put aside money for large farm and non-farm expenses. Formal savings accounts offer the added advantage of security; they can also serve as collateral should a household decide to borrow.