Tham khảo tài liệu 'innovation in microfinance from rapidshare_7', kinh tế - quản lý, kinh tế học phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | Micropensions Old Age Security for the Poor 259 rich countries in which savings made during the working life are swapped for an annuity at a defined retirement age. The best platform for developing micropensions is the medium-term commitment savings plan. Such plans are already available to the poor in some countries and are growing in number. A key task is for more MFIs in more countries to experiment with and then scale up their commitment savings schemes. Several challenges will emerge as this process takes place. When savings portfolios held by MFIs begin to outgrow their loan portfolios the question of how to safeguard deposits arises. In most cases this will require MFIs to become licensed regulated and supervised deposit-takers although in exceptional cases a good track record as a deposit taker may be sufficient. When MFIs take commitment savings deposits as well as short-term passbook deposits they will need to improve their knowledge and practice of fund management. In many cases this will reveal the importance of improved governance training and information systems. As the length of term offered to savers grows the risk to the saver of losses through inflation or currency collapse increases -and the risk to providers of losses through poor fund management and pricing policy also increases. When MFIs proceed to the next level and offer endowments commitment saving schemes with attached insurance policies or even begin to experiment with annuities they will require advanced fund management and actuarial skills. The example of microinsurance has shown that a good way - perhaps the best way - of climbing this steep learning curve is to go into partnership with professional formal sector insurance and pension providers. Much of the initiative in developing micropensions has been taken by MFIs themselves and this will continue to be the case. However outsiders can help. One intriguing suggestion is that donors and the international insurance and pension .
