The New Microsavings: Community-Driven Lending

While microfinancial institutions in developing countries tend to fail without outside volunteers, microsavings groups owned and organized by the communities that use them are on the rise.

Nepalese craftswomen
For women in hard-to-reach villages, the ability to save money and take out flexible loans can be the difference between running a successful business and going hungry.
Photo by Fotolia/Aleksandar Todorovic