Diaspora Micro-Savings Products

The paper sets out to specify the scope, key functional and non-functional policies, marketing policies, financial policies, and partnership policies necessary for a micro-savings product (M-savings bonds) that could be implemented and operationalized for Ethiopian migrants. These requirements are also supported by an analysis of legal and regulatory implications. The paper also shows the advantages and disadvantages of potential different approaches and recommended approaches. Wherever possible, advantages of existing Ethiopian telecommunications and financial services infrastructures have been recognized.