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How SAJIDA Foundation Nearly Doubled Customer Uptake of Savings Accounts
Astha, a term deposit account, allows SAJIDA Foundation members in Bangladesh to save toward a purchase or financial goal. Through the OPTIX project, BFA conducted data analytics and client research with SAJIDA and eventually redesigned the accounts. After rolling out the new features, the foundation saw a 97 percent increase in accounts opened and 59 percent more mobilization of savings.
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- Finance
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Climbing India’s Technology Stack: As the Fintech Revolution Extends to Health Care, Will Emerging Markets Be Ready?
The use of technology stacks has been a profoundly important breakthrough for social and financial inclusion in India, and it also opens up many opportunities to transform health care for the poorest residents there. But as these tech-based solutions proliferate in other low and middle-income countries, writes David Butz, the health care industry must be prepared for the massive disruptions they're likely to bring.
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- Uncategorized
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Savings groups boost financial inclusion and women’s empowerment among rural poor, three-country study finds
“What we’re seeing is that that the poor can and do save for themselves when given the right opportunity, and this has positive effects elsewhere in their lives,” says Dean Karlan, professor of economics at Yale and co-author of the study. “We see savings and business income increase, but importantly there is also a boost in women’s empowerment. As women get more access to these groups, their say in household decisions also increases.”
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- Uncategorized
- Region
- Sub-Saharan Africa
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6 Surprising Reasons Why South Africans Are Not Big On Banks
BCG recently undertook extensive research into the process of financial inclusion in South Africa. This primary research which is based on surveys, interviews and a fresh analytical approach, yielded several interesting themes about the country’s use and perceptions of formal banking channels. Bringing more people into the financial system has the ability to enhance GDP growth, reduce poverty and create new market opportunities for the private sector.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Money Management Application ‘Swadhaar Saathi’ Wins $100,000 from MetLife Foundation Innovation
Swadhaar Saathi has been announced winner of the MetLife Foundation Inclusion Plus competition in India. The competition was open to entrepreneurs, businesses and non profit organisations and aimed to discover innovative solutions to promote financial capability and access to financial services in India. With more than 100 entries, Swadhaar Saathi won the grand prize with its money management application and collected a grant of 100,000 dollars.
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- Uncategorized
- Region
- South Asia
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Press Release: Calvert Foundation Announces Capital Aggregation Investment Business
Calvert Foundation today announced a new business line, Capital Aggregation, which expands Calvert Foundation's existing services to more actively aggregate and facilitate capital to meet the evolving needs of the communities they serve.
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- Investing
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PayPal Seeks License to Enter Competitive Mobile Wallet Space in India
Global payments company PayPal is eyeing a prepaid payment instrument license to enter the competitive mobile wallet space in the country, said three sources familiar with the development.
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- Uncategorized
- Region
- South Asia
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Microfinance Pioneer FINCA launches FINCA Impact Finance
FINCA, the global institution that pioneered Village Banking™ and helped prove the sustainable microfinance model as key to economic development, recently announced the launch of FINCA Impact Finance.
- Categories
- Uncategorized
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