• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • Devex Impact
    • Microfinance

    How can the habit of saving be developed in people living on $1.25 per day?

    Plan International and JPMorgan Chase believe that, given proper training and a change in mindset, even the poorest people can save money. They aim to prove this in a new project they plan to roll out in Haiyan-affected areas in the Philippines.

    By Lean Alfred Santos // 20 August 2015

    Can people living on $1.25 per day — or less — save money?

    Plan International and JPMorgan Chase believe they can. Through their Community Savings Groups project — which Plan and JPMorgan Chase are implementing in the areas affected by Typhoon Haiyan in the Philippines — the international nonprofit and the global financial services firm aim to change people’s mindsets to prove that poverty is no barrier to developing the “habit of saving.”

    “There is a lot of behavioral and knowledge transformation and outlook and perspective [in saving money],” Cathy Seco, Plan’s grants manager in the Philippines, told Devex. “[It is in the] realization that no matter how poor you are, if you have the desire and when you look at and assess your circumstances, there is a way for you to save for the future.”

    This article is free to read - just register or sign in

    Access news, newsletters, events and more.

    Join usSign in
    • Philippines
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Lean Alfred Santos

      Lean Alfred Santos@DevexLeanAS

      Lean Alfred Santos is a former Devex development reporter focusing on the development community in Asia-Pacific, including major players such as the Asian Development Bank and the Asian Infrastructure Investment Bank. He previously covered Philippine and international business and economic news, sports and politics.

    Search for articles

    Related Jobs

    • MONITORING, EVALUATION, AND LEARNING (MEL) ADVISER
      Emerging Markets International (EMI) (Formerly Cardno Emerging Markets)
      Solomon Islands | Australia
    • Monitoring, Evaluation & Learning (MEL) and Performance Lead – PHWP ISU
      Tetra Tech
      Suva, Fiji
    • Finance Coordinator Vanuatu
      DT Global
      Port-Vila, Vanuatu
    • See more

    Most Read

    • 1
      Opinion: Mobile credit, savings, and insurance can drive financial health
    • 2
      FCDO's top development contractors in 2024/25
    • 3
      Strengthening health systems by measuring what really matters
    • 4
      Opinion: India’s bold leadership in turning the tide for TB
    • 5
      Reigniting momentum for maternal, newborn, and child health

    Trending

    Financing for Development Conference

    The Trump Effect

    Newsletters

    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement