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College Credit: How U.S. university students are helping the underbanked build credit in their campus communities
In the U.S., good credit is a basic requirement for entrepreneurs and average consumers alike, and a lack of good credit is a major problem – especially for those with lower incomes. But while service providers are often reluctant to lend to the underbanked, college students across the country are filling the gap with campus microfinance institutions.
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Key Drivers of Financial Innovation in Zimbabwe
Financial innovation can be defined as the act of creating and then popularising new financial instruments, technologies, institutions, markets, processes and business models, including the new application of existing ideas in a different market context.
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- Uncategorized
- Region
- Sub-Saharan Africa
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American Bankers Association and Operation HOPE to collaborate to maximize youth and adult empowerment
The American Bankers Association and Operation HOPE announced a new partnership to expand financial literacy empowerment, economic energy, and good credit for youth and adults over the next two years.
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- Impact Assessment
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Digitizing Savings Circles for the Base of the Pyramid: Bringing a centuries-old concept into the digital age
Traditional savings circles have existed in different forms for centuries, and are popular in immigrant communities in the U.S. and emerging markets around the world. Accion Venture Lab discusses how the Internet and social media are allowing companies to formalize and digitize them to make them more accessible to a greater number of people.
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PRESS RELEASE: Accion Venture Lab Invests in eMoneyPool
March 4, 2014 – Today Accion announced an investment in digital savings company eMoneyPool (EMP) through its Venture Lab, a $10 million initiative dedicated to providing seed capital and management support to financial inclusion start-ups.
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Indian banks gung-ho about financial inclusion, but not agents
Financial inclusion is not yet a profitable proposition, but banks remain gung-ho about the initiative, predicting future dividends from the market reach that comes with improved access to finance.
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- Uncategorized
- Region
- South Asia
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Mobile banking key to financial inclusion in Bangladesh
Mobile banking is the perfect platform for Bangladesh to take financial services to the country's largely unbanked population in an efficient and low-cost manner, an analyst from Visa said.
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- Uncategorized
- Region
- South Asia
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What if America’s unbanked had mobile wallets?
Delivering financial services to the world's unbanked masses is not a topic that usually includes a developed economy like the United States. That's because Africa is the global leader in this area. Its mobile network operators are boosting their bottom lines and raising standards of living by offering mobile wallets to the unbanked -- making it possible to conduct a variety of transactions from person-to-person money transfers to bill payments and point-of-sale purchases.
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