About ProSavings

The ProSavings Program, led by the Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank, promotes the development of business strategies to offer liquid and planned savings services tailored to low-income populations in Latin America and the Caribbean.

How? By supporting financial entities that develop business strategies to offer savings products  that address the needs of the low-income population. The entities funded under this Program execute projects in the region that consist on designing, adapting, or expanding liquid and commitment savings products or alternative distribution channels. 

Where? The Program aims to execute 10 to 12 projects in different countries within Latin America and the Caribbean. 

Who does it target? The Program's projects target low-income populations, most of whom are recipients of government payments. (This does not mean that the program works with government payment programs or is involved in the actual payment of subsidies; rather it means that the Program turns to government payment recipients in order to focalize individuals from the lowest income-strata that can benefit from inclusion into ProSavings' projects) 

ProSavings relies on the experience and funding from the Inter-American Development Bank, the Citi Foundation, the Development Bank of Latin America (CAF), the Australian Governments' aid program, and the International Development Research Centre (IDRC).
More information on ProSavings, including its conceptual framework and operational model, is available in the Program's official document titled, ProSavings: Linking Social Protection Payments to Savings
Additionally, program highlights for the year 20142013 and  2012 are available in the previous links and also in the Documents section.