Most American adults are struggling financially. This group is larger than just the “unbanked” or “underbanked.” Many Americans are having difficulty managing their day-to-day financial lives, establishing a cushion for financial resilience, and achieving financial security.
CFSI’s 2016 Financially Underserved Market Size Study found that underserved Americans spent $141 billion in fees and interest to meet their financial needs. New innovation is needed to address this massive market opportunity.
Over the last two challenges, we’ve seen a growing recognition of the need to improve the financial health of Americans. We’ve also seen that innovative solutions can come a variety of sources, solving problems that were once considered too hard, and for customers that many thought were too difficult to reach.
We are accepting applications for our third class of the Financial Solutions Lab, a virtual program which will run from mid-June 2017 through February 2018. If you have a startup or nonprofit that improves the financial health of Americans, you should apply. We look forward to reading your application!
Miller Center, in partnership with GE Healthymagination, offers an impact-generating opportunity for your growing enterprise. Connect with insightful Silicon Valley executive mentors and learn from the best. Develop a better business model and increase your impact. Through structured online curriculum, you energize, scale up, and move forward with confidence. Programs are cost-free for up to 20 participants.
About you: You are a leader of an existing for-profit, nonprofit, or hybrid enterprise, in operation for two or more years in sub-Saharan Africa. You’re ready to build capacity and unleash your potential.
To apply, you must provide these services:
- You deliver health services directly to mothers and children from pregnancy to pediatric care;
- OR, you provide supportive infrastructure, including water, energy, improved health services to mothers and children;
- OR, you distribute, train, use, or maintain medical equipment; develop products or technologies that improve knowledge and access to care, including telemedicine, mobile technologies, data analysis, or image interpretation; or provide infrastructure services or facilities to mothers and children.