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Saving Themselves: Why young people are asking for better savings services
The importance of savings to financial inclusion is well-established - at least for adults. But the conversation about youth savings is marked by skepticism about young people’s ability to save, compounded by the fact that many of them are not (or shouldn’t be) working. Rani Deshpande, director of Save the Children’s YouthSave project, discusses why youth savings must be a priority, and how the financial inclusion community can help.
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- Uncategorized
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Combining Profitability and Social Impact: Salud Fácil makes a commitment to health in Mexico’s low-income communities
In Mexico, people seeking health care in the overburdened public sector must often wait six to eight months. Salud Facil offers them low-cost financing so they can seek treatment in the private sector, where there is excess capacity.
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- Health Care
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Easing Nigeria’s Banking Gridlock
The past decade of banking in Nigeria has not been for the faint hearted.
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- Uncategorized
- Region
- Sub-Saharan Africa
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A Financial Inclusion Revolution?: How last mile delivery and payment systems innovations could help transform India’s economy
India has been fertile ground for many emerging market innovations, in sectors ranging from health care to sustainable energy. Now the country is on the cusp of a financial inclusion revolution shaped by payment system innovations and doorstep delivery models. If it succeeds, it may provide a model of how innovation and forward-thinking public policy can help transform BoP economies.
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- Uncategorized
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Migrants from developing countries to send home $414 billion in earnings in 2013
The developing world is expected to receive $414 billion in migrant remittances in 2013, an increase of 6.3 percent over the previous year.
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- Uncategorized
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India’s Banks not Inclusive Enough
Are commercial banking (as it is currently practiced in India) and attainment of financial inclusion mutually exclusive?
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- Uncategorized
- Region
- South Asia
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Millennium Development goals in rural Africa get $100 million boost
In 2011, the Islamic Development Bank (IsDB) and the Earth Institute (Columbia University) formed a partnership to work with African nations to support their efforts to end extreme poverty. On Tuesday, the IsDB and the Earth Institute and its partner, Millennium Promise, announced that the IsDB and its poverty reduction arm, the Islamic Solidarity Fund for Development (ISFD), have now extended more than $100 million in financing to help eight African nations combat extreme poverty, improve public health and achieve more sustainable development.
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- Entrepreneurship, Health Care
- Region
- Sub-Saharan Africa
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Bringing Payments Out of the Shadows: New data on how South Asian and Indonesian households pay and make money transfers
Payments are the glue of the economic system, and any inefficiency there ripples through the rest of the economy. Yet despite the fact that digital payments and remittances are critical for the poor to be able to access markets and formal financial services, there is very little data collected on the development of the payment market. But now, new research from South Asia and Indonesia is helping to shine a light on the subject.
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- Education