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Saving Themselves: Why young people are asking for better savings services
The importance of savings to financial inclusion is well-established - at least for adults. But the conversation about youth savings is marked by skepticism about young people’s ability to save, compounded by the fact that many of them are not (or shouldn’t be) working. Rani Deshpande, director of Save the Children’s YouthSave project, discusses why youth savings must be a priority, and how the financial inclusion community can help.
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- Uncategorized
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In Financial Inclusion, Indonesia’s Policies and Banks Found Wanting
The direct relationship between financial inclusion and economic growth and development is well accepted globally. But when it comes to financial inclusion in Indonesia, there is quite a long way to go. The concept of financial inclusion not only embraces access to credit and loans for all, it also means access to bank accounts, insurance products and, equally importantly, financial education.
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Visa partners with Micro Pension
Global payments technology company Visa on Wednesday announced a partnership with Micro Pension Foundation, an Indian non-profit organization.
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- Technology
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Combining Profitability and Social Impact: Salud Fácil makes a commitment to health in Mexico’s low-income communities
In Mexico, people seeking health care in the overburdened public sector must often wait six to eight months. Salud Facil offers them low-cost financing so they can seek treatment in the private sector, where there is excess capacity.
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- Health Care
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Ethnographic Design: The best ideas come from your users
In this second post in Grameen Foundation’s series on designing products and services for the BoP, Julius Matovu reviews the use of design ethnography in early research phases to gain insights into the financial needs of the poor. He describes what to do - and what to avoid - when spending time with potential users to gain a deep understanding of their wants and needs.
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- Education
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World Bank president to open 2013 Microcredit Summit
World Bank president Jim Yong Kim will open the 2013 Microcredit Summit: Partnerships against Poverty on October 9 with a recorded statement urging the nearly 800 delegates from 69 countries to commit themselves to the advancement of microfinance to end extreme poverty.
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- Asia Pacific
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Easing Nigeria’s Banking Gridlock
The past decade of banking in Nigeria has not been for the faint hearted.
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- Region
- Sub-Saharan Africa
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Cost vs. Tech: Will innovation make it affordable to transact with the BoP?
NextBillion Financial Innovation’s introductory series features the views of top innovators and leaders on what’s driving financial innovation, where momentum is heading, and what obstacles remain. Today, Anurag Agrawal, CEO of Intellecap lays out the core isssues involved in bringing low-cost financial products to customers at the base of the pyramid.
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