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FINCA Kosovo Achieves Smart Certification for Client Protection
Today, FINCA Kosovo, the country's largest microfinance organization, announced it received the Client Protection Certification by Smart Campaign. This official recognition required an in-depth, external review of all of FINCA Kosovo's processes and policies. The positive results of this review reflect FINCA's deep commitment to high ethical standards in the treatment of its clients. FINCA Kosovo joins a group of over 60 certified financial institutions, including FINCA Kyrgyzstan, FINCA Azerbaijan and FINCA Bank Georgia.
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- Europe & Eurasia
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- microfinance
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Will demonetization reach C.K. Prahalad’s bottom of the pyramid?
What after demonetization? Can the Modi Government use it to empower the poor and turn the economic initiative into a definitive political initiative? The economists are divided on the issue. The Late Professor C.K. Prahalad the author of the much acclaimed book Fortune at the Bottom of the Pyramid suggested some pathbreaking methods over a decade back that the economists backing demonetization could take heed off.
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Helping Microfinance Clients to Save: Are Incentives a Solution?
La Ceiba is a microfinance institution that serves low-income clients in rural Honduras, where the combination of distance, cost and knowledge gaps discourages clients from opening and maintaining a savings account. The MFI decided to leverage small incentives and special training to address those challenges; here's how they did it and what they learned along the way.
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Legitimate MFIs to Be Distinguished By Logo in Ghana
The Ghana Association of Microfinance Companies (GAMC) is to introduce a corporate signage for all licensed institutions in the sector by mid-2017. The signage, which would be present at the premises of all registered microfinance institutions in the country from January, is to help the public identify licensed companies to do business with.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- microfinance
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Is Microcredit a Vaccine or an Antibiotic?
In his third post in a series, Timothy Ogden asks if microcredit is a vaccine or an antibiotic. In other words, does it work best when delivered at the right dose and at the right moment, or when it's made available to an entire population? Thinking through that frame, he believes, can help social investors clarify their theory of change and guide what areas of microcredit innovation to invest in.
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Center for Financial Inclusion at Accion, Institute of International Finance and MetLife Foundation Launch Project to Help Banking Industry Overcome Barriers to Financial Inclusion
The Center for Financial Inclusion at Accion (CFI), the Institute of International Finance (IIF) and MetLife Foundation, together with the International Finance Corporation (IFC) as a technical partner, announced today a two-year initiative to help advance the financial services industry’s ability to reach unserved and underserved populations. The project, titled Mainstreaming Financial Inclusion: Best Practices, will facilitate learning and action on how financial institutions can respond to the specific challenges of reaching lower income market segments. Through research, knowledge exchange, best practices, real world examples and expert insights, the project will identify and transmit practical guidance that financial institutions can use to expand quality services to the poor.
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The Curious Case of 4.5 Million Jan Dhan Accounts That Were Closed During India’s Demonetisation Chaos
The Narendra Modi government’s flagship financial inclusion scheme—the Pradhan Mantri Jan-Dhan Yojana (PMJDY)—has always been about big numbers.
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- Uncategorized
- Region
- South Asia
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Airtel launches payments bank in India
Bharti Airtel today said it will invest Rs 3,000 crore in its payments bank, as it became the first off the block to launch the new model of banks aimed at taking financial services to the millions who are outside the banking system.
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- Uncategorized
- Region
- South Asia
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