Saving Patterns and Probability of Success in Individual ...
Saving Patterns and Probability of Success in Individual ...
Saving Patterns and Probability of Success in Individual ...
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<strong>Sav<strong>in</strong>g</strong> <strong>Patterns</strong> <strong>and</strong> <strong>Probability</strong> <strong>of</strong> … 18<br />
Table 1- UWGLA's IDA <strong>Sav<strong>in</strong>g</strong> <strong>and</strong> Match Information<br />
Education/<br />
Microenterprise<br />
Homeownership<br />
(New partners -<br />
2005)<br />
Homeownership<br />
(Old partners -<br />
before 2005)<br />
M<strong>in</strong>imum<br />
<strong>Sav<strong>in</strong>g</strong>s<br />
(monthly)<br />
<strong>Sav<strong>in</strong>g</strong>s<br />
Duration<br />
Max.<br />
Matchable<br />
<strong>Sav<strong>in</strong>g</strong>s<br />
$42 - $83 12- 24 months $1000<br />
$75 - $100 18 - 24<br />
months<br />
$75 - $100 18 - 24<br />
months<br />
$1800<br />
$1800<br />
Match Cap<br />
(2:1 ME)<br />
(2:1 <strong>and</strong> 3:1 HO)<br />
$2000 per <strong>in</strong>dividual<br />
/<br />
$4000 per household<br />
$5400 per <strong>in</strong>dividual<br />
/ $10800 per<br />
household<br />
$3600 per <strong>in</strong>dividual<br />
/ $7200 per<br />
household<br />
Total IDA<br />
<strong>Sav<strong>in</strong>g</strong>s<br />
(sav<strong>in</strong>gs +<br />
match)<br />
$3000 <strong>in</strong>dividual<br />
/ $6000 per<br />
household<br />
$7200 per<br />
<strong>in</strong>dividual /<br />
$14400 per<br />
household<br />
$5400 per<br />
<strong>in</strong>dividual /<br />
$10800 per<br />
household<br />
Table 2- IDA Annual Results (Note that D=D1+D2 <strong>and</strong> C=D+G)<br />
HO: Homeownership 2002 2003 2004 2005* All Years<br />
ME: Microenterprise Total Total Total Total Total<br />
HO ME HO ME HO ME HO ME HO ME<br />
A- Number <strong>of</strong> Partners 3 2 12 5 12 6 12 6<br />
B- Number <strong>of</strong> New Accounts Opened 37 26 182 60 257 134 98 39 574 259<br />
C- Number <strong>of</strong> Open Accounts (end <strong>of</strong> year) 36 22 194 72 351 182 405 171<br />
D- Number <strong>of</strong> Active Savers 36 17 173 44 285 153 353 139<br />
D1- Active Savers Reach<strong>in</strong>g <strong>Sav<strong>in</strong>g</strong>s Goal 4 1 19 9 43 41 108 61<br />
D2- Active Current Savers 32 16 155 35 241 112 242 78<br />
E- Purchased Assets 0 0 2 3 9 9 5 29 16 41<br />
F- Number <strong>of</strong> Term<strong>in</strong>ations 1 4 22 6 77 16 39 10 139 36<br />
G- Inactive Accounts 0 5 20 28 66 29 52 32<br />
*- Data as <strong>of</strong> 06/30/2005. The numbers do not reflect activity <strong>of</strong> the new partners under the third AFIA grant<br />
received <strong>in</strong> 2004.<br />
18
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