Proyecto Capital
Financial inclusion opportunities in Latin America and the Caribbean
A woman who saves is a life that changes lifes.

11 Good reasons to promote inclusion in the financial system through savings in CCT programs:


Monetary savings in a financial institution guarantee that the money saved will always be available when needed.

No one except the account holder has access to information about balances, movement and transfers.

Evidence shows that monetary savings build women’s self-confidence and strengthen their decision-making power.

To risks and emergencies (such as natural disasters, medical emergencies, etc.).

Thanks to monetary savings, they can manage their expenses better and purchase higher-quality products (food, school supplies, inputs for rural activities, etc.) at just the right time.

With monetary savings, women can plan a strategy for managing expenses (for example, for buying shoes or school supplies when the school year begins).

For example, monetary savings allow women to spend the money they earn from the harvest over several months.

When women receive their conditional cash transfer (CCT) in a savings account, they can begin a relationship with the financial system at no risk and no cost, even if they do not have a business.

When women receive a conditional cash transfer (CCT), they do not have to use all the money at once. They can withdraw it little by little, giving them the opportunity to save it for future investment.

Linking a program for inclusion in the financial system with a broad-based program such as conditional cash transfers (CCTs) makes it possible to reach the low-income population and is cost-effective for the government.

A program for widespread inclusion of poor people in the financial system gives the government a direct channel to that population.

In short:

Linking a program for inclusion in the financial system with a CCT program gives the beneficiaries a tool for managing liquidity so they can plan their expenses and consumption, facilitates investment in human capital, and builds self-esteem.