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The Implications of Scarcity for Microfinance: Grameen Foundation’s Alex Counts, on how understanding scarcity’s impact can improve microfinance practices
Behavioral economics could transform international development, says Grameen Foundation CEO Alex Counts. In some cases, it may reaffirm current practice. In others, it could suggest that these “best practices” are counter-productive. In this thought-provoking post, Counts explores the implications of scarcity for microfinance, when looked at through a behavioral economics lens.
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- Education
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Can telcos predict Mobile Money hotspots?
A study by CGAP looks at the relationship between voice call routes and money transfer, trying to help telcos focus their investment in mobile money solutions.
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- Education
- Region
- Sub-Saharan Africa
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Ask the Right Question: ideas42 on using behavioral economics for MFI product design
CARD Bank seemed to have a problem increasing uptake on new savings accounts. But when ideas42 dug into the data, they saw that people were opening plenty of new accounts - they just weren’t using them. The lesson: it’s important to ask the right question when solving design problems. Louis Potok uses this case to illustrate how behavioral economics insights can improve product design.
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Insurers struggle to get micro-insurance agents
Micro-insurance or micro agent was a channel in the insurance industry that was developed for deeper penetration of insurance into India. However, with smaller ticket size coupled with low commissions, this channel has seen low participation from distributors.
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- Uncategorized
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OPINION: A shaky vision for financial inclusion in India
The Nachiket Mor committee report does not address the issues that militate against financial inclusion.
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- Uncategorized
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Ecobank, MasterCard Seal Deal on Financial Inclusion
MasterCard Worldwide Wednesday sealed a landmark deal with Ecobank Transnational Incorporated (ETI), which will see 60 per cent of Africa’s population have access to financial services.
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- Uncategorized
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Nachiket Mor discusses his ambitious financial inclusion proposals for India
A few years ago, when he was based in Thanjavur after leaving ICICI Bank, Nachiket Mor used to decline requests from the press about financial inclusion, saying he had left that discipline. Over the past few months, however, he has come back into the field. He is on the RBI board. More recently, a committee headed by him just submitted an ambitious report on financial inclusion. ET's Vidhya Sivaramakrishnan met Mor for a chat.
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- Uncategorized
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Ethiopia breaking new technology ground
At the beginning of 2013 when Ethiopia’s government approved mobile money in the country, allowing banks and micro-finance institutions to provide transaction-based banking online.
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- Technology
- Region
- Sub-Saharan Africa