APUS ' savings products are designed to address borrowers' problems arising out of sudden and unexpected needs and wants for money. APUS Savings Products has the specialty of providing quick response and solutions to clients' financial problems whenever they cry. In most cases people from lower income groups face extreme hardships and are forced to sell their valuable assets as they do not have extra cash to face emergencies. It is not possible for them to borrow money from their neighbors because the local people living in their village or area are also poor and unable to give loans. APUS clients can easily overcome the given situation as they have the option to withdraw their deposits from APUS anytime. APUS provides flexible withdrawal facility to its clients for savings so that they can easily meet their risings and demands. This facility provides relief to poor borrowers and enables them to withstand any unexpected economic shocks and disasters. It also has huge implications for sustainable poverty alleviation. With flexible savings options, APUS clients can avoid selling their valuable and essential assets in times of emergency.
OBJECTIVES OF THE SAVINGS PRODUCT
- Motivating members to increasingly engage in savings from profit out of their income generating activities (IGAs)
- Developing a capital fund for their additional income generating activities (IGAs)
- Savings to form a principal source of capital for poverty alleviation program
- Assisting poor people to attain self-sufficiency
- Creating a formidable funding source to meet family needs
- Overcoming helplessness in natural or other disasters
Type | Feature |
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Regular Savings |
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