Foreword: Frances Moore Lappé, CoFounder, Small Planet
Institute
Preface: Ray Offenheiser, President, Oxfam America
Introduction: Beginning a Savings Revolution—They Know How
Chapter 1: Guiding Principles for Saving for Change
Chapter 2: A Group Meeting
Chapter 3: “Dependency is Not Empowering”
Chapter 4: Getting Started with Saving for Change
Chapter 5: The Most Productive Asset of All: Empowering Friends and
Neighbors
Chapter 6: How Do We Know It Works?
Chapter 7: Applying Savings Groups Principles to Other Development
Initiatives
Conclusion: Bringing Savings Groups to 50 Million People
Notes
Bibliography
Additional Resources
Acknowledgments
Index
About the Authors
Jeffrey Ashe teaches microfinance at the School of International and Public Affairs at Columbia. He served as the director of community finance at Oxfam America where he and his team trained savings groups in Mali, Senegal, Cambodia, El Salvador, and Guatemala. Prior to that he founded Working Capital, the largest microenterprise program in the United States, and served as its executive director for eight years. Ashe has designed, assisted and evaluated microenterprise programs in 35 countries for the World Bank, the Agency for International Development, CIDA, and many NGO clients. Kyla Jagger Neilan is a researcher, practitioner, and activist. She currently lives in Bamako, Mali, where she is a myAgro Fellow, implementing a program that helps farmers use their savings to purchase fertilizer and seeds without going into debt.
“Jeff Ashe gives us one of his biggest dreams yet. People living in
poverty organizing and using their own capital to provide the
savings and credit that help them withstand shocks and take
advantage of opportunity. What’s more, Ashe and Neilan show us that
this dream is being realized millions of times and spreading
rapidly across the globe.”
—Larry Reed-Director, Microcredit Summit Campaign
“Most books on community finance are either anthologies or manuals.
This one is neither. A radical departure from other works in the
field, In Their Own Hands traces the long sweep of financial
empowerment via histories viewed through the single lens of one
author. The book is essential for any practitioner interested in
helping the poor transform small amounts of money into meaningful
ways of changing their lives.”
—Kim Wilson, Lecturer, International Business and Human Security,
The Fletcher School of Law and Diplomacy, Tufts University
“Jeffrey Ashe and Kyla Neilan’s new book, In Their Own Hands,
presents a stunningly simple, thoroughly tested, and visionary new
way for the poor to save and borrow. In Mali, the outcome was
dramatic: less hunger, ownership of more livestock, and more clout
for village women. The remarkable difference with savings groups is
how they are able to achieve scale—not through building financial
institutions as microfinance has done but by catalyzing the
problem-solving capacity of the poor. The ideas in this book have
the potential to turn the development field on its head.”
—Paul Polak, coauthor of The Business Solution to Poverty and
Chairman, Windhorse International
“I can think of two good reasons to read In Their Own Hands. One,
if you give a damn about extreme poverty, here is another practical
tool in the arsenal of financial inclusion. Two, amidst all the
chatter about listening to and capturing the wisdom of impoverished
communities and indigenous peoples, this book is a road map on how
to do it. The author’s economic development career reveals a
professional courage from which we can all learn.”
—Jonathan C. Lewis, founder and Chair, MCE Social Capital
“Since I met Jeff in Ecuador in the ’60s, he’s been turning
conventional wisdom on its head. He does this now for the financial
sec- tor and for the development community grown too comfortable
with in-the-box thinking. The title of the book says it all—In
Their Own Hands. Those of us who want to help need to break from
the past, trust the impoverished, and get out of the way so that
they can empower themselves to save and be agents of their own
development.”
—John Hammock, former President, Accion International and Oxfam
America
“I have known and admired Jeff Ashe for almost forty years. I
consider him—along with Muhammad Yunus—one of the most innovative
practitioners of the global microfinance movement. He was my
principal mentor in developing the methodology of Village Banking.
When in the year 2030 the world celebrates the end of severe
poverty on our planet, Jeff’s tireless efforts to promote rural
savings groups will be heralded as the single most effective,
bottom-up strategy for ‘leaving nobody behind.’ And for the next
generation of microfinance practitioners, In Their Own Hands will
be justly recognized as the best end-poverty textbook ever
written.”
—John Hatch, founder of FINCA International and cofounder of the
Microcredit Summit
“Modern savings groups are an improvement on the self-help tools
poor people have always used to manage their money. This short and
clearly written book shows how over 100,000 villages in the
developing world have come to use and value such groups and why
it’s important to spread the message to millions more.”
—Stuart Rutherford, author of The Poor and Their Money, coauthor of
Portfolios of the Poor, and founder of SafeSave
“Sometimes the most powerful ideas are the simplest. This book
shows how a simple way for communities to accumulate savings has
taken off—with no new technology nor costly microfinance infra-
structure. In Their Own Hands turns upside down the most common
assumptions about what poor households need and can
accomplish.”
—Jonathan Morduch, Professor of Public Policy and Economics, Robert
F. Wagner Graduate School of Public Service, New York
University
Ask a Question About this Product More... |