Weekly Roundup: India’s Demonetization Gets Ugly, Health Care’s Last Mile Gets Shorter and Coke Comes to Gaza
Indian Prime Minister Modi’s surprise move to ban 1,000 and 500-rupee notes early last month, ostensibly to crack down on black money, has mushroomed into a full-blown crisis. Are the financial inclusion benefits worth the cost? We explore this and many other topics in the roundup.
New Sun Road designed, built and operated the first 24/7 metered electricity service on an off-grid island chain in the southern part of Uganda. It's exactly the type of small business – providing a critical service, creating jobs – that Microsoft aims to support with its Affordable Access Initiative. Applications are open for a new round of grants through the initiative, and will be accepted through Jan. 31.
Microfinance has lurched from development sector darling to punching bag over the years, but in the midst of this turmoil – and in reaction to it – practitioners at industry events have been diligently reimagining their sector. This continued at the recently concluded European Microfinance Week, where the topic of fintech raised excitement about the future – and revived fears from the past.
Developing countries have made great strides on financial inclusion in recent years, but a gender gap remains. A new report analyzes women’s stories and their detailed cash flows over time from financial diaries data collected in Kenya, India and Mexico, offering insight into why women in emerging economies don’t use formal financial services to the same extent as men.
- Financial Inclusion
Fundación Capital has had success fighting extreme poverty in Latin America, using the Graduation model. Now it's transporting the model to new cultures and contexts on the other side of the Atlantic, starting in Tanzania and Mozambique. Fundación discusses the challenges it has faced in adapting its model to new languages and cultures, and the lessons it has learned in the process.