-
A Silver Lining During the Pandemic: Three Financial Inclusion Success Stories in the Age of COVID-19
COVID-19 has had a dramatic negative impact on businesses across practically all sectors. When it comes to financial inclusion, the pandemic has sparked concerns about a widening digital divide, rising gender inequality, growing skepticism over informal financial practices, and the risk of overlooking financially vulnerable customers. But as Anshul Saxena at MSC points out, the crisis has also generated some encouraging success stories. He highlights three businesses that have found ways to thrive during the pandemic.
- Categories
- Coronavirus, Finance
-
Addressing the Unanswered Questions of Sustainable Development: How ‘Lean Experimentation’ Can Boost the SDGs
The deadline for the Sustainable Development Goals is growing closer, and with many targets well behind schedule, extraordinary efforts will be necessary to achieve them. Toshi Nakamura at Kopernik argues that these efforts will require the development sector to quickly answer an important question: Which interventions are effective – and which are not? To that end, he explores the value of Kopernik's "lean experimentation" approach, which can be used to assess a wide range of interventions, to quickly determine which are worth scaling or replicating.
- Categories
- Impact Assessment
- Tags
- impact measurement, research, SDGs
-
Innovations for Transparency: Disruptive Technology Enters the Carbon Offsetting Space
Carbon offsetting allows a net-positive carbon emitter to pay a net-negative emitter to offset their emissions, by trading carbon credits representing one ton of greenhouse gas. In theory, this system can help the world account for the unavoidable gasses emitted in the transition to a low-carbon economy. But as Kavit Borkhataria at AlliedCrowds explains, in practice, it's hard to confirm if carbon reduction projects are actually delivering the emission reductions they claim. He discusses some tech-fueled innovations that can boost transparency and push the market forward.
- Categories
- Environment, Technology
-
Innovation for Adaptation: How a New Fund Is Helping Service Providers Navigate the Challenges of COVID-19
The impact of COVID-19 has been amplified at the local level in Kenya and Rwanda, where non-profit service providers working with vulnerable populations are finding it more difficult to support their beneficiaries. Michael Kiema and Linda Ndungu Wambua at Instiglio explore learnings from the COVID-19 Adaptation Fund, which is providing funding to nine qualifying service providers to help them implement innovations that will support their efforts to serve beneficiaries during the pandemic.
- Categories
- Coronavirus, Technology
-
A Tentative Recovery: Survey Data Shows Signs of Progress – and Warnings of Future Distress – Among Kenyan Farmers During COVID-19
It’s estimated that over 50 million people are in need of immediate food assistance in the Horn, East and Central Africa. As the COVID-19 pandemic continues into 2021, Kenyan farmers’ ability to weather this crisis is at the heart of the region’s recovery, say Venu Aggarwal and Kelsey Jarrett at 60 Decibels. They share data 60 Decibels has collected from thousands of Kenyan farmers, revealing both slight improvements since the early days of the crisis, and the danger of more severe, longer-term financial distress.
- Categories
- Agriculture, Coronavirus, Transportation
- Tags
- COVID-19, data, digital inclusion
-
Ensuring That Women’s Financial Access Is Not Another Casualty of COVID-19: The Value of Agent Banking
As COVID-19 continues to ravage global economies, the existing gender-poverty gap is set to widen: UN Women projects that for every 100 men aged 25-34 in extreme poverty due to the pandemic, 118 women of the same age will be living in extreme poverty this year. Peris Mburu at FSD Africa explores why agent banking is a promising solution to this growing challenge – and how its benefits can extend beyond access to finance.
- Categories
- Coronavirus, Finance
-
The Public Option: How Smart Tariff Subsidies Can Boost Minigrids and Solve Africa’s Rural Energy Access Dilemma
The World Bank estimates that minigrids can provide electricity for up to 500 million people by 2030, and that the cost of minigrid electricity per kilowatt hour will decrease by two thirds in the same period. But as Daniel Kitwa at the Africa Minigrid Developers Association points out, these goals can only be realized through effective public policy, scale and innovation. He explains why a smartly designed subsidy program to reduce the cost of minigrid power for rural customers is the critical missing piece in these efforts.
- Categories
- Energy
-
Financial Inclusion During – and After – COVID-19: Three Takeaways From a (Very Different) European Microfinance Week 2020
The 2020 European Microfinance Week encapsulated much about the financial inclusion sector – the good, the bad and the simply confusing – as it navigated the historic challenges of the past year. Sam Mendelson at e-MFP shares three broad takeaways from the event, representing three key priorities for the inclusive finance industry as it seeks to adapt to the COVID-19 crisis – without overlooking other essential priorities.
- Categories
- Coronavirus, Finance
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.