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Behavioural Nudges: Mildly Paternalistic or a Threat to Economic Justice for the Poor?
"Nudges” – ie: the use of behavioral science insights to steer human behavior – are increasingly seen as a cheap and effective way to achieve social goals. But according to social researcher Sally Brooks, there are some troubling questions about whether the use of nudges for business purposes is good for the poor. She explores the issue through the prism of digital financial inclusion in the era of fintech and big data.
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FINCA’s Journey from Non-Profit to For-Profit
For a company to make money, it helps if its employees have a money-making mindset. But that’s not what Roman Hingorani found when he joined FINCA International as its CFO in 2015.
- Categories
- Investing
- Region
- North America
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Report: Record Number Of Indians With Bank Accounts. So Why Is Financial Inclusion Low?
Mumbai: Up to 80% of Indians now have a bank account, the same proportion that has a mobile phone, but financial inclusion levels are still among the world’s worst, lower than sub-Saharan Africa on some counts, according to a new report.
- Categories
- Finance, Impact Assessment
- Region
- South Asia
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Report: Mobile Money Driving Financial Inclusion in sub-Saharan Africa
IFC, a member of the World Bank Group, together with the Mastercard Foundation, have released a new report today, 16 May 2018 in Nairobi, documenting the transformation underway in financial inclusion in sub-Saharan Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Smart Campaign Reaches Milestone with 100 Certifications in Financial Consumer Protection
The Smart Campaign, the leading industry voice on financial consumer protection, housed at the Center for Financial Inclusion at Accion, announced today that 100 financial service providers (FSPs) have attained Smart Certification, a landmark achievement in responsible financial inclusion.
- Categories
- Finance
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India’s Impact Investment leaders launch Social Finance India in New Delhi
Social Finance Global Network (SFGN) and The Global Steering Group for Impact Investment (GSG) today announced the launch of Social Finance India (SF-IND) and first three of its Directors- Rajiv Lall, Ashish Dhawan, and, Vikram Gandhi. Rajiv Lall will Chair the initiative. SF- IND will be a new Section 8 non-profit intermediary which will galvanize the Indian impact investment space. Social Finance India’s first two products- India Impact Fund of Funds (IIFF) and India Education Outcomes Fund (IEOF) will launch in 2018. SF-IND also launched its website, www.socialfinance.org.in
- Categories
- Investing
- Region
- South Asia
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IIM Amedabad’s CIIE launches $25 million Bharat Inclusion Initiative
IIM-Ahmedabad’s Centre for Innovation, Incubation and Entrepreneurship (CIIE) has launched the Bharat Inclusion Initiative, with a commitment of $25 million from The Bill and Melinda Gates Foundation, Omidyar Network and Michael and Susan Dell Foundation. The initiative will focus on incubating and backing startups that work in areas such as financial inclusion, livelihood, education and health.
- Categories
- Investing, Technology
- Region
- South Asia
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More College = Less Poverty: The Impact of Peer-to-Peer Lending
More than 57 million students globally are qualified but have not enrolled in higher education, mostly because they lack the money. Yet banks often don't want to lend to them, due to their lack of collateral, uncertain earning potential and long repayment periods. That’s why Ryker Labbee and Kirk Acevedo launched peer-to-peer student lender Zomia, targeting nearly 1 million potential college students in Myanmar and Cambodia. They explore how the model could scale into other markets and reduce poverty.
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