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Seeking a Happy Ending: Will Nigeria’s New and Improved Financial Inclusion Strategy Work Better Than the Last One?
Nigeria's Central Bank has finally admitted something it had been hinting at for months: The 2020 goals described in its National Financial Inclusion Strategy are not feasible. Building off the wins and learning from the shortcomings of that strategy, the country is now setting new goals and targeting new gains in financial access. Olayinka David-West and Ibukun Taiwo of the Lagos Business School share their five recommendations for the next phase in Nigeria’s efforts to reach the unbanked.
- Categories
- Finance, Telecommunications
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Step by Step Credit: Empowering the Unbanked through Progressive Finance
Despite notable progress in the financial inclusion sector, widespread, permanent change remains elusive. The good news, says Aristotle Socrates at Juvo, is that not only is this change possible, but everything we need to make it happen already exists. In fact, it might be as easy as setting aside long-held assumptions about the role of wealth and income in establishing credit. He outlines how improved data infrastructure is connecting lenders to creditworthy customers, producing big gains for both providers and the financially excluded in the developing world.
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- Finance, Telecommunications
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Cutting Edge Agriculture: How Artificial Intelligence, Satellites and Big Data are Transforming Farmers’ Access to Finance
There are many reasons for the $450 billion global agricultural finance gap. But much of the challenge stems from lenders' inability to monitor farmers' output, estimate their income and assess their risk of default, says Ruchit G Garg of Harvesting Inc. He explores how artificial intelligence and satellites are addressing that data imbalance, helping lenders reach many of the world’s 500 million smallholder farmers for the first time.
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- Agriculture, Technology, Telecommunications
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No Internet? No Problem: Turning a Feature Phone Into a Digital Library Can Transform Lives
The cycle of poverty in developing countries is real and often riddled with misinformation. That's why the 3-2-1 Service on simple feature phones – which functions like a search engine without the internet – is so important. And people are willing to pay for it. This not only changes how users engage with their phone but also how international development agencies can engage with users to improve livelihoods.
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- Education, Social Enterprise, Technology, Telecommunications
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‘Internet Access is Like Oxygen’: Converging Connectivity and Energy Access
Microsoft’s Affordable Access Initiative is providing grants to internet access and related services companies and startups reaching underserved communities in Africa, Asia, the Caribbean and North America. In June, the tech giant announced the second year of grantees. Paul Garnett, senior director of the Affordable Access Initiative at Microsoft, explores how internet connectivity can have a ripple effect.
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- Agriculture, Energy, Technology, Telecommunications
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Development Engineering: Scaling Tech Solutions from Ideation, to Pilot … to the World?
Scaling technologies that promote economic development is challenging. That's why UC Berkeley established the Development Impact Lab. Natasha Beale, the lab's manager, discusses the concept of "development engineering" and gives examples to illustrate that large-scale impact is indeed possible with the right mix of targeted funding, technological innovation and rigorous field work.
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- Education, Technology, Telecommunications
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A Toolkit to Identify Sustainable, Market-Based Energy Solutions in Off-Grid Areas
The MIT D-Lab, working with Mercy Corps, developed the Energy Assessment Toolkit to help organizations with strong connections in off-grid communities assess local energy needs, and select and implement market-based solutions that meet those needs. The toolkit includes surveys and interview guides that an organization can use to gather information from a range of stakeholders.
- Categories
- Education, Energy, Telecommunications
- Tags
- supply chains
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Building an App in Africa: Lessons From an Aspiring Tech Disruptor
The motorcycle taxi, or boda boda, industry is the second-highest employer in Uganda, but is marked by rising crime and road accidents. SafeBoda, founded in 2015, wants to change this through an app that connects its community of trained, professional drivers with passengers who are looking for a safer ride. The company's co-founder discusses what they've learned so far about building an app in Africa.
- Categories
- Technology, Telecommunications, Transportation
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