Savings-led microfinance innovation aims to improve access to financial services in remote areas, especially among women. In the past decade, more and more researchers and practitioners have recognized and taken advantage of this informal financial service to help improve lives of the poor. A leading innovator in the field, CARE International, has spawned extensive household- and community-level benefits from its Village Savings and Loan Association (VSLA) programmes. With about 700,000 members in 28,000 groups in Tanzania, CARE is seeking to measure the potential contribution of VSLAs on the growth of the Tanzanian national economy.
This literature review shows some important insights and establishes a foundation for future research on the topic.