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India’s Bandhan Bank’s plans to usher in a new model in financial inclusion
Bandhan will start its journey with 600 branches. The microfinance company’s existing 2,016 offices will operate as sub-branches, each having an army of salaried field staff to take banking to the villages.
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- Uncategorized
- Region
- South Asia
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Financial Capability isn’t Built in a Day: Can a secured credit card help entrepreneurs build credit and positive financial behaviors?
Can a secured credit card help entrepreneurs build credit and positive financial behaviors? FIELD at the Aspen Institute wrestled with this question as part of an 18-month initiative called the Asset Building through Credit pilot, funded by the Citi Foundation. FIELD director Joyce Klein, with Luz Gomez, discuss the research and its implications.
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- Uncategorized
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M-Pesa To Monitise: How Necessity Is Pushing FinTech Innovation From Africa To The UK
Necessity is often said to be the driver of innovation. Nowhere is this clearer than with the mobile-phone based money transfer and microfinancing service, M-Pesa, in Kenya, wherein the need to provide financial services to the under-banked population resulted in a truly transformative fintech solution.
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- Uncategorized
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Kenya’s telecom regulator moves to increase competition in money transfer business
Communications Authority of Kenya ( CAK) has said it will not reverse its decision to allow Equity Bank to introduce mobile money transfer services despite protests from integrated communications service provider, Safaricom.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Mexico summit pledges to serve microfinance clients better
The 17th Microcredit Summit held in Merida, Mexico, last week discussed ways to better serve the next generation of clients and promote client-centred microfinance.
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- Uncategorized
- Region
- Latin America
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These Off Grid Solar Lights Are Made By The Communities Who Use Them
Liter of Light works with women's cooperatives to make solar lights from simple parts, instead of sending them solar lights that don't work the way they want them.
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- Energy, Environment
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New ID Card Scheme: Breaking the Barrier to Financial Inclusion in Nigeria
The burden of providing valid means of identification that has alienated some segments of the society from deriving benefits and value from the nation’s financial system and other initiatives will become history with the National Electronic Identity Card, reports Festus Akanbi
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- Uncategorized
- Region
- Sub-Saharan Africa
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Nudging towards financial inclusion in India
The Indian government recently launched a massive financial inclusion program with a view to improve access to formal finance. In this context, it is crucial to understand not only the importance of universal access to formal finance, but also the effective ways of achieving the same.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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