Financial Buffer
Many people are “unbanked” and financially unprepared for dealing with a crisis. An unexpected injury or illness, a death in the family or a drought can cause someone to fall into deeper poverty. Having a buffer (either savings or credit) is crucial for people with few financial means to bridge the gap, deal with a crisis and get back on their feet — often with the help of the community.
The Big Question
What sorts of insurance, savings services, or communal safety net could help people develop a financial buffer for times of crisis?
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