Yesterday's How about International Microdeposit Insurance? drew an excellent flurry of commentary, which helped me appreciate the complexities of this idea. Bryan shared his ongoing thinking on branding and competition. Ben asked whether it would undermine local institutional development.
An unoriginal thrust of my work is that savings is probably a better service for poor people than credit. You can get in big trouble with borrowing but it's hard to imagine getting in trouble by saving too much.
Except actually it's not so hard. Lots of people have lost savings they put in banks. Here's what I just wrote in my draft chapter 9 (not public yet):
