Savings Revolution

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New Paper on Innumeracy, Illiteracy and Financial Inclusion

This new paper, Oral Information Management Tools: Lighting the Path to Financial Inclusion, addresses the challenge of innumeracy and illiteracy in financial inclusion, with frequent reference to savings groups. Practitioners know that these constraints can cause people to avoid savings groups, or use them sub-optimally. The paper introduces oral information management (OIM) solutions. It includes examples from Cambodia, Bangladesh and the Solomon Islands, proposes a set of core principles for OIM development and design, and reviews the theory behind the practice. For the convenience of the time-starved reader, it includes an executive summary and a series of illustrative appendices.