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Savings Mobilization In Rural Areas Lessons : From Experience

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

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.

Suggested Citation

  • Spio, Kojo & Groenewald, Jan A. & Coetzee, Gerhard A., 1995. "Savings Mobilization In Rural Areas Lessons : From Experience," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 34(4), December.
    • Handle: RePEc:ags:agreko:267850
    DOI: 10.22004/ag.econ.267850
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    References listed on IDEAS

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    1. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1.
    2. Adams, Dale W, 1978. "Mobilizing Household Savings through Rural Financial Markets," Economic Development and Cultural Change, University of Chicago Press, vol. 26(3), pages 547-560, April.
    3. Lipton, Michael, 1976. "Agricultural finance and rural credit in poor countries," World Development, Elsevier, vol. 4(7), pages 543-553, July.
    4. Adams, Dale W. & Graham, Douglas H., 1981. "A critique of traditional agricultural credit projects and policies," Journal of Development Economics, Elsevier, vol. 8(3), pages 347-366, June.
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