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Learning Briefs | May 5, 2008

Mobilizing Savings for CAURIE-MF Clients in Senegal

This learning paper documents the experience of CAURIE-MF, a CRS partner in Senegal, during the design and launch of its new savings product. CAURIE-MF's clients have been saving diligently for many years but the institution did not have the proper license to mobilize, manage and on-lend their savings. Now legally registered and licensed as a deposit taking institution, CAURIE-MF has able to launch a new savings product which has resulted in significant growth in both its portfolio and the number of clients it is able to serve. The paper shares key successes, challenges and lessons learned during the roll out of this new savings product.