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Solving the Educational Disparity in India: A Scalable Solution Leverages AI and Behavior Change to Reach Underserved Communities
Around 37 million Indian children lack access to any form of early education service. Vishal Sunil and Sushmita Roy at Rocket Learning discuss how their organization is addressing this issue through its learning platform, which leverages AI technology and WhatsApp to provide free educational tools to children and parents, while offering training and other resources to the daycare workers who play a key role in the country’s early childhood development landscape.
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- Education, Technology
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Promoting Financial Inclusion in the Caribbean: A Broken ATM in the Bahamas Reveals the Need for Digital Banking Solutions Across the Region
Imagine if your only access to your salary and savings depended on a single ATM. Now imagine that someone takes a hammer and smashes it up. As Nicholas Rees at Kanoo Pays explains, that was the situation facing a community in The Bahamas after vandals damaged the district’s sole ATM. He discusses the challenges experienced by remote, cash-dependent populations across the Caribbean, and explores how Kanoo Pays' digital wallet leverages offline payment capabilities and Central Bank Digital Currencies to address these customers' unique needs.
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- Finance, Technology
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Under-Leveraged Best Practices for Scaling Productive Use of Energy Appliances: Part 2 — Financing Options
Productive Use of Energy (PUE) appliances are the subject of growing attention in the development sector, but manufacturers and distributors are facing a number of challenges and misconceptions that are limiting uptake of these devices. In the second article of a two-part series exploring best practices for selling PUE appliances, Thomas Charoy and Lucie Klarsfeld McGrath at Hystra discuss the affordability challenge, sharing solutions for handling the high level of working capital and financial skills required to offer financing options to end-users.
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- Agriculture, Energy, Finance, Technology
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The Future of Digital Credit: A Recent Report Explores How to Make its Second Decade More Impactful Than its First
The first online lending platforms began emerging roughly two decades ago, and since then, the global digital credit market has grown to reach many formerly excluded customers. But according to Dan Cassara, previously at CEGA, this growth has raised concerns about over-indebtedness, exploitation and scams. As the market looks toward the coming decades, he shares a recent report that investigates digital credit — particularly Mobile Instant Credit and airtime loans — and explores approaches that can better protect consumers and support their financial health.
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- Finance, Technology
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Inclusion Requires Interoperability: Why All Digital Financial Services Should be Interoperable
As of 2021, there were 1.4 billion financially excluded people globally — over 1 billion fewer than there were in 2011. As Briana Marbury at the Interledger Foundation explains, mobile money and other digital financial products and services have helped to drive this progress, reaching populations that have traditionally been excluded. But she argues that this momentum has highlighted an emerging issue that could limit the impact of the growth in financial inclusion: the lack of interoperability between digital systems.
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- Finance, Technology, Telecommunications
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Comparing Business Models for Scaling Access to Productive Use of Energy Appliances in Agriculture: The Advantages of Pay-Per-Use
Productive Use of Energy (PUE) appliances — including solar refrigerators, water pumps and more — can boost productivity, income and quality of life in vulnerable communities. But as Ankur Singh, Argha Ghose and Clementine Chambon at Oorja explain, challenges like high upfront costs, lack of financing and poor after-sales service hinder their adoption among these consumers. They explore several business and end-user financing models that can support PUE uptake in agriculture, and explain why the pay-per-use model is uniquely suitable for low-income consumers.
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- Agriculture, Energy, Finance, Technology
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Taking Stock of India’s Fintech Landscape: A Venture Capital Firm Shares Six Insights from One of the World’s Most Vibrant Investment Markets
The global team at Quona Capital — a venture capital firm focused on inclusive fintech — recently concluded a visit to India, during which they immersed themselves in the local fintech ecosystem. Michel Zaidler at Quona shares six insights they gathered from several of their Indian portfolio companies, and from these companies' customers and other fintech thought leaders. He highlights some of the groundbreaking business models these fintechs are using, and explains why the Indian market offers unique opportunities to investors.
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- Agriculture, Finance, Investing, Technology
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Under-Leveraged Best Practices for Scaling Productive Use of Energy Appliances: Part 1 — Sales Support and Market Access
Productive Use of Energy (PUE) appliances can increase revenue for low-income populations, mitigate climate change and improve global energy access. But according to Thomas Charoy and Lucie Klarsfeld McGrath at Hystra, uptake of PUE appliances remains slow, due in part to the training, market linkages and after-sales support needed for customers to get the full benefit from these complex products. They explore some common challenges and best practices in selling PUE solutions, focusing on the appliances with the most mature and promising markets: solar water pumps and solar refrigerators.
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- Agriculture, Energy, Environment, Technology