Articles by Daniel Rozas
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Guest Articles
Thursday
March 12
2020A Spotlight on Effective and Inclusive Savings
Saving for an unpredictable future is one of the few genuinely universal life tenets. But for much of the past 40 years, the microfinance sector has focused overwhelmingly on credit. As Sam Mendelson and Daniel Rozas at e-MFP explain, that's one reason the 2020 European Microfinance Award is focused on “Encouraging Effective & Inclusive Savings.” They discuss the benefits of savings in introducing the €100,000 award – which is open for applications until April 15.
- Categories
- Finance
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Guest Articles
Monday
March 18
2019The Winds of Change: Mobilizing Microfinance for Climate Change Resilience
Though the world is slowly taking action on climate change, much of the debate still focuses on mitigation. In fact, adaptation – becoming resilient to the changes to come – is equally important, say Daniel Rozas and Sam Mendelson at e-MFP. They explore how the financial inclusion industry can help vulnerable communities develop resilience to the disruptions of climate change, and to adapt to permanently changed environments. This year’s European Microfinance Award aims to inspire the sector to make this fundamental shift – interested providers can apply for the €100,000 award until April 9, 2019.
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- Environment, Finance
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Tuesday
December 4
2018Boycott Myanmar: An Open Letter to the Microfinance Community
In response to global events, microfinance has quickly ramped up its focus on refugees. But when those refugees are the Rohingya – the Muslim minority being expelled from Myanmar (and the world’s latest victims of genocide) – this new focus raises some difficult questions, says Daniel Rozas. Why isn’t anyone in the sector talking about the unspeakable atrocities being conducted and condoned in one of the fastest-growing microfinance markets in the world? “There is no way around it: When we work in Myanmar, we are complicit in ethnic cleansing,” Rozas says, in a bold call for a country-wide boycott.
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- Finance
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Monday
June 18
2018Using Findex Wisely: Understanding the Strengths and Weaknesses of the World’s Biggest Financial Inclusion Dataset
The Global Findex report is an essential piece of data for the financial inclusion sector, but its insights should nevertheless be treated with caution, says Daniel Rozas. Exploring some inexplicable findings in the recent Findex 2017 release, he breaks down the limits of survey-based data, and explains how Findex can be used in combination with other forms of data to get a more accurate picture of financial inclusion progress.
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- Finance
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Wednesday
May 2
2018Caveat Venditor: A New Model for Buyer Selection in Responsible Microfinance Equity Exits
Socially responsible investing is well understood, but what it means to be responsible as you "exit" or sell off equity is less clear. Daniel Rozas and Sam Mendelson studied a particularly difficult part of the exit process for microfinance investments - how to choose a buyer that is suitable for an MFI, its staff and its clients. They discuss their findings in a paper that they hope will help microfinance investors navigate the complicated terrain of "responsible exits."
- Categories
- Investing
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Wednesday
May 10
2017‘Like Using a Wall to Stop a Runaway Bus’: Cambodian Microcredit is Overheated, But Rate Caps Aren’t the Answer
Daniel Rozas says a proposed interest rate cap of 18 percent on most new microloans in Cambodia will, if enforced, hurt the very people it ostensibly seeks to protect. Taking issue with a recent post by Milford Bateman, Rozas argues the cap would create a clear preference for certain types of lending and could heighten problems created by Cambodia's saturated microcredit market.
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- Uncategorized
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Tuesday
April 11
2017Home Sweet Home: Mobilizing Microfinance for Housing
Only 2 percent of microfinance portfolios consist of housing loans. Why? The authors say it's because housing languishes in the “household spending” category; it's not income generating, so it's somehow less deserving. It will soon be in the spotlight, however, as the eighth European Microfinance Award focuses on what financial institutions serving the world’s poor can do to address their housing needs.
- Categories
- Investing
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Tuesday
June 21
2016Daniel Rozas / Gabriela Erice García
Opportunity International and MyBucks: The Future of Digital Microfinance?
Back in November 2015, to little fanfare, microfinance pioneer Opportunity International agreed to sell six banks serving sub-Saharan Africa to the MyBucks Group, a Luxembourg-based fintech company. By all accounts, this should have been bigger news, as it touches upon many of the topics and trends that are reshaping the microfinance sector, from the role of fintech to the question of responsible exits. Daniel Rozas and Gabriela Erice García explore the very real opportunities and challenges generated by this deal.
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- Uncategorized
