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The Value and Limitations of Market-Based Innovations for Impact: Three Takeaways After COVID-19
The COVID-19 pandemic has made one thing clear: Digital innovation in service delivery and infrastructure is critical to economic inclusion – both in emerging markets and around the world. But as Tilman Ehrbeck at Flourish Ventures points out, the crisis has also provided a humble reminder that digital infrastructure, private-sector innovation and market-based solutions are not sufficient to ensure broad-based prosperity. He shares three observations, rooted in the experiences of the pandemic, about the value — and limitations — of private-sector approaches in a post-COVID-19 world.
- Categories
- Coronavirus, Technology
- Tags
- COVID-19, digital finance, scale
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Financial Services That Work for Young People: How Social Norms Impact Financial Resilience Among the Youth in Africa
Financial service providers are capable of reaching young people in Africa, but not without a deep understanding of how social norms and expectations are impacting their financial access and usage, say Lise Paaskesen at Lise Consultancy and Weselina Angelow at the World Savings and Retail Banking Institute. They explore research that suggests how providers can improve young people's opportunities and resilience by offering services that foster autonomy, decision-making and bargaining power — which in turn can contribute to changing social norms in those areas.
- Categories
- Finance
- Tags
- financial inclusion, research, youth
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Going Beyond Capital: How Impact Investing Can Become More Accessible and Inclusive
There's a troubling trend in the impact investing sector: Despite growing awareness of the need for more socially conscious investing, most investors don't know how to get started — and they often don't realize the breadth of opportunities they have to make an impact. Eva Yazhari of Beyond Capital Ventures explores ways to make this young industry more accessible, and explains how investors can — and should — address the bias and exclusivity that are preventing impact investing from maximizing its potential.
- Categories
- Investing
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Rethinking Community Connectivity: As the Pandemic Wears On, NGOs Turn to Technology for Information Dissemination and Behaviour Change
Behavior change and information dissemination initiatives face many challenges in emerging economies, and COVID-19 has made their work even more difficult. But according to Abhishek Sharma at Glific, these efforts remain essential – whether they're focused on raising awareness of government programs or sharing accurate information about the pandemic. He explores how a growing movement of NGOs, governments and social enterprises are turning to digital communications channels to reach marginalized communities, and discusses Glific's WhatsApp-based approach.
- Categories
- Coronavirus, Technology
- Tags
- COVID-19, data, digital inclusion, NGOs, nonprofits
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Trash Talk: Why the Circular Economy Could be Sub-Saharan Africa’s Latest Leapfrog Industry
From mobile banking to off-grid energy, sub-Saharan Africa has shown a tendency to leapfrog the rest of the world in establishing widespread access to digital infrastructure and new technologies. Tine Fisker Henriksen at BESTSELLER Foundation explores how the continent is making similar strides in the circular economy. She shares how enterprises across the region are taking innovative approaches to waste management, developing groundbreaking approaches to waste collection and recycling – while also supporting the often-informal workers who power the industry.
- Categories
- Technology, WASH
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Improving the Outcomes-Readiness of Implementors – A Key Step Towards Scaling Results-Based Financing
With less than a decade left to achieve the Sustainable Development Goals, the development financing gap has widened. According to Gagandeep Nanda at Dalberg and Dhun Davar and Sietse Wouters at UBS Optimus Foundation, results-based financing can provide a solution. But though organizations have high interest in participating in results-based financing, many are not ready to take on funding that is tied to outcomes instead of inputs and activities. They share five characteristics of effective outcomes-ready implementing organizations, and five ways these groups can be set up for success.
- Categories
- Impact Assessment, Investing
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Dear Big Tech Leaders: Instead of Harvesting Our Data and Launching Yourselves Into Space, How About Making Life Better on Earth?
As Big Tech's data practices come under greater scrutiny and its leaders indulge in an ego-driven space race, Steve Hollingworth of Grameen Foundation says it’s time to have a hard conversation with the industry. It can start with the question of why its core companies are focusing their talents and technologies on accumulating ever-greater amounts of money, while the world struggles with long-standing and quickly escalating challenges that could be greatly improved by the data and other resources the tech industry commands.
- Categories
- Technology, Telecommunications
- Tags
- corporations, data, NGOs
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Financial Inclusion During – And After – COVID-19: The 2021 Compass Survey Reveals the True Scale of the Challenges Ahead
COVID-19 has upended the global financial inclusion sector, causing immense new challenges for low-income clients, their households and businesses, providers, funders, and the broader ecosystem. The full extent of this impact won't be seen until the pandemic fully subsides, but trends are emerging. Sam Mendelson at e-MFP shares findings from the organization's most recent Financial Inclusion Compass survey, which asked a broad cross-section of stakeholders where they see these increasingly complex issues trending — and what they’d like to see in the future.
- Categories
- Coronavirus, Finance
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