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Managing Trade-Offs Between Impact and Profit – Finding the Formula for BoP Business
Eugenia Rosca's study of small enterprises in BOP markets reveals that many of them have similar characteristics and are founded to respond to highly pressing local issues. The businesses usually identify a social need and develop a market to address it; then, in time, around one-third of them reported an increased orientation toward economic goals. To be successful, they should acquire skills, resources and capabilities for both social and economic activities.
- Categories
- Entrepreneurship, Environment, Financial Inclusion
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From Extremely Poor to Entrepreneur: A Starter Asset Combined with Mentorship Forges Pathway Out of Poverty
Today Arfa Bibi runs a successful vegetable farming business in India. Only a few years ago, however, Bibi and her husband struggled to feed their family and she even resorted to begging. Her transformation into entrepreneur came thanks to Kolkata-based nonprofit Bandhan-Konnagar's graduation model program Targeting the Hardcore-Poor, whose success was cited in a six-country MIT study of 21,000 of the world's poorest people.
- Categories
- Agriculture, Entrepreneurship, Financial Inclusion
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First-of-its-kind report highlights enormous potential for developing mutual and cooperative insurance for the poor in India
With about 600,000 cooperatives in the country with a collective membership of over 250 million people, the potential for developing mutual and cooperative insurance for the poor in India is enormous.
- Categories
- Financial Inclusion
- Region
- South Asia
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Full Financial Inclusion in India? How the ‘JAM Trinity’ Can Help Businesses Make it a Reality
Changes in India’s financial inclusion ecosystem in the past 10 years have increased access, writes Prabhat Labh, CEO of Grameen Foundation India, but that's only part of the equation. More must be done to ensure poor families can actively use these services. Fortunately, the JAM trinity – Jan Dhan accounts, the Aadhaar ID system and mobile technology – has enabled completely new business models that scale processes for customer acquisition.
- Categories
- Entrepreneurship, Financial Inclusion
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The Rise of a New Asset Class: Can ‘PAYGo Finance’ Connect Investors to Low-Income Customers?
Lendable has pioneered a marketplace lending platform that connects alternative lenders in East Africa with impact and institutional debt investors, to provide financing for leased assets like solar panels and motorcycles. According to BFA, providing these alternative lenders with structured debt financing could potentially give rise to a new asset class: PAYGo finance. If successful in raising funds from investors at scale, the Lendable approach could bring financing for low-income individuals full circle.
- Categories
- Energy, Financial Inclusion, Investing
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How Flexible Financing, Solar Panels and Data Could Be Key to Financial Inclusion
With over 1 million units installed in the past four years, the PAYGo financing model is already unlocking significant growth for the off-grid solar industry. But the sector also faces formidable challenges. FIBR, a project by BFA in partnership with Mastercard Foundation, is exploring ways PAYGo solar can leverage data to make better point-of-sale decisions, customize product offerings, engage and retain agent networks, inform future follow-on products, and build linkages with other financial service providers.
- Categories
- Energy, Financial Inclusion
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Want to Know How to Properly Measure Financial Inclusion? Copy the Retailers.
To better understand and measure how people use financial services, i2i looked outside the industry to the retail sector, which is at the forefront of how to collect and analyze data on how consumers engage with their services. In particular, retailers understand key usage indicators fundamental to their business; namely recency, frequency, monetary value and duration. That led i2i to apply these indicators while studying how to improve financial services.
- Categories
- Financial Inclusion
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Can Digital Credit Outperform Microcredit in the Developing World?
Microfinance has been hailed as a transformative force for poor households and entrepreneurs in emerging markets. But recent evidence suggests it is not the silver bullet it was once thought to be. Meanwhile, mobile phones have become ubiquitous in most developing countries, and Alexandra Wall, Natasha Beale and Carson Christiano explore whether digital credit can do a better job than microcredit in meeting the needs of the underserved.
- Categories
- Financial Inclusion, Impact Assessment, Investing
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