Vision of Program Success: Proven model(s) for developing, launching and operating at scale gateway-linked savings products that are useful to the client and sustainable for the financial institution.

Objectives

GAFIS aims to deliver three core outcomes: 

• Significant learnings are disseminated to the financial services for the poor sector in regard to the Program’s key learning questions.
• Five large banks have been encouraged and assisted to develop useful and viable savings products for the poor.
• 500,000 poor customers meaningfully use GAFIS-supported savings products.

 

Focus on relevant savings product design

A core GAFIS focus is on the design and development of innovative savings products linked to gateway opportunities.  GAFIS aims to help Partner Institutions offer useful savings products to low-income segments— products that take into account the unique financial realities of the poor that are not just “miniaturized” traditional products normally used by higher/ middle income segments.

 

 

Depiction of reconstructive surgery on traditional savings products