Overcoming Regulatory And Legal Constraints To Savings Mobilization Written By

Regulatory constraints often limit microfinance institutions' ability to provide savings services. This document discusses three ways these constraints are being overcome: 1) Lobbying for changes to regulations to allow savings; 2) Transforming institutions into organizations allowed to take deposits; 3) Partnering with deposit-taking institutions. Examples from Brazil show allowing correspondents to provide banking services and simplified no-documentation accounts to expand access. Many countries are reforming regulations to develop microfinance-friendly frameworks.