Articles by Sarah Willis
More than 40 million Americans live below the poverty line, and a majority live paycheck to paycheck. That's why, after nearly two decades and over $110 million of impact investments in Africa, Asia and Latin America, Acumen has expanded its focus to include the United States. Amon Anderson and Sarah Willis discuss how Acumen America, through its financial inclusion portfolio supported by MetLife Foundation, aims to build a future where low-income Americans enjoy stability, protection and prosperity.
- Acumen, banking, digital payments, education, financial inclusion, financial innovation, financial services, fintech, impact investing, investment fund, MetLife Foundation, mobile finance, mobile money, mobile phones, social enterprise, social entrepreneurship, social impact, sustainability, technology
Financial inclusion in Egypt has persistently lagged behind similar economies for decades. But the country now has all the hallmarks of a market ready to leapfrog: a young population, an enthusiastic embrace of social media, and more mobile subscriptions (110 million) than its population. Sarah Willis of MetLife Foundation and Mayada El-Zoghbi of CGAP lay out four criteria that Egypt must meet to bring meaningful financial services to its low-income communities.
Hundreds of millions of people in China still remain outside the formal financial system, and insurance is one of their biggest unmet needs. Yet the country's insurance industry tends to focus on more affluent customers, and its public safety net isn't adequate for lower-income people's needs. YiBao, an insurance research, development and marketing consultancy, takes an innovative (and award-winning) approach to making the commercial insurance market work for the country’s low- and moderate-income households.
- Health Care
In China, MetLife Foundation's newest approach to improving the financial health of everyday consumers is through harnessing the power of social entrepreneurs. Next month the foundation will invite social enterprises (nonprofit and for-profit alike) across China that are focused on increasing access and use of financial services among low- to moderate-income people to enter their products to participate in a new competition. Why China is booming for fintech and what's next.