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No One Should be ‘Scared to Live too Long’ – Innovating Insurance for the Elderly
After a chilling conversation with his family housekeeper about her fear of "living too long" and becoming a burden on her family, Tyron Fouche was inspired to start Nobuntu, an insurance plan for low-income South Africans. Combining an ancient risk-sharing design with modern tools like chatbots and biometric tech, the plan offers customers an income that actually increases as they get older. Fouche discusses Nobuntu's innovative model – and the big challenges it faces – in the latest post in NextBillion’s "Startup Showcase" series.
- Categories
- Finance, Social Enterprise
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Press release: MetLife Foundation and Verb Launch Competition to Improve Financial Health in the U.S.
The competition is open to organizations that propose innovative solutions for empowering the 57 percent of Americans who struggle financially and are unable to pay bills on time each month, build savings or manage financial shocks and emergencies.
- Region
- North America
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Faster, Lighter Touch and Group-based: A Different Approach to Poverty Graduation
The poverty graduation model has continued to show great promise in helping ultra-poor people develop sustainable livelihoods. But Dianne Calvi of Village Enterprise points out that those programs, as currently practiced, are often too expensive to scale. In advocating a more streamlined approach to poverty graduation, Calvi reveals key findings from a randomized control trial involving some of the poorest households across 138 villages in rural Uganda.
- Categories
- Investing
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Asian Development Bank Report Looks at Impact of Digital Technologies on Remittances
Governments and international organisations can help create an enabling environment in digital finance to improve the remittance process and also have positive externalities such as financial inclusion.
- Categories
- Finance
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Pakistan Poverty Alleviation Fund and International Trade Centre ink Memorandum of Understanding for mutual cooperation
Rob Skidmore, Chief, Sector and Enterprise Competitiveness Division of Enterprises and Institutions, ITC, said, “ITC is delighted to combine our knowledge of SME competitiveness and value chains with PPAF’s deep expertise in grass roots development SME competitiveness and improving value chains and PPAF’s deep expertise in grass roots development to make a real difference in the lives of the poor.”
- Region
- South Asia
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Press release: Building the Business Case for Housing Microfinance in Sub-Saharan Africa
A new study from Habitat for Humanity (www.Habitat.org) says that housing microfinance can and should become a mainstream offering for financial institutions in Sub-Saharan Africa as they respond to growing housing needs in the region, particularly from poor people.
- Source
- Press release
- Region
- Sub-Saharan Africa
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Pakistan Government to Set up $75 Million Fund for Small Borrowers, Microentrepreneurs
The government has decided to set up a $75-million fund at the State Bank of Pakistan for borrowers interested in setting up small businesses, which is also expected to attract people to vote for the ruling Pakistan Muslim League-Nawaz (PML-N) in the upcoming general elections.
- Region
- South Asia
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Press release: Center for Financial Services Innovation Launches “U.S. Financial Health Pulse”
“CFSI first explored the concept of financial health using a landmark research project that found a majority of American households were financially unhealthy,” said Jennifer Tescher, founder and CEO of CFSI. “The U.S. Financial Health Pulse is the next phase in a critical effort to advance financial health in America.”
- Source
- Press release
- Region
- North America
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