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Nigeria: Apathy Grows As 86.6 Million Nigerians Are Without Insurance
Long before Nigeria was finally plunged into recession last year, it has been pretty challenging to get Nigerians to appreciate the benefits inherent in insurance products, with the sector contributing a meager 0.6 per cent to the nation's Gross Domestic Product (GDP).
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- Uncategorized
- Region
- Sub-Saharan Africa
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Wall Street Journal Launches the Financial Inclusion Challenge 2017
For the third year, The Wall Street Journal invites nonprofit and for-profit enterprises to enter “The Financial Inclusion Challenge” competition and to showcase their solutions to the problems of financial access for the poor in the Asia-Pacific region.
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- Uncategorized
- Region
- South Asia
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Financial services firm IFMR Holdings expanding to target bottom 600 million people in India
Financial inclusion services provider IFMR Holdings, which will complete a decade this year, will embark on a major expansion drive.
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- Uncategorized
- Region
- South Asia
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Airtel plans Africa stakes sales in bid to reduce debt, stay afloat
The Indian parent company of struggling mobile operator Airtel Kenya is set to sell stakes or merge some of its African units in a bid to stay afloat and reduce its debt burden.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- fintech
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A New Breed of Startups is Offering Microloans in India
When Deepthi K, a software engineer, came to know of a wedding in her in-law's family 15 days ahead of her salary day, she was in a fix. Neither did she have the money needed for the wedding nor the time to apply for a bank loanand go through a long paperwork process. Pressed for time, she approached a city-based start-up instead and got the entire amount of Rs 3 lakh within two days.
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- Uncategorized
- Region
- South Asia
- Tags
- microfinance
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India’s Government Thinks a Universal Basic Income Could Eradicate Poverty
India is considering a radical idea for tackling poverty: rolling out a Universal Basic Income (UBI), according to a report by the country's Ministry of Finance.
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- Uncategorized
- Region
- South Asia
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The unbanked: stop catering for the middle classes and open up to the world
Bladimir didn’t want a bank account. The 22-year-old son of corn and bean farmers in rural El Salvador had moved to the capital in search of greater economic opportunity, but a bank account was not part of that plan. He had grown up with stories of scams and disappointments, and had a deep distrust of bank accounts as a safe way to store his money.
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- Uncategorized
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Financial Inclusion for Rural Youth Starts with Adults
The three-year Rural Youth Economic Empowerment Project in Egypt, Morocco, Tunisia and Yemen tested five different approaches to achieving financial inclusion among rural youth. It found that the most sustainable and scalable approaches leveraged infrastructure that had been used to serve adults, then adapted to serve both adults and youth at the same time.
- Categories
- Uncategorized
- Tags
- financial inclusion, youth
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