NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

JUMO Is Offering Social Impact Financial Products to the Unbanked

JUMO has operations in over 10 countries including South Africa, Uganda, Ghana, Kenya, Pakistan, Tanzania and Zambia with plans to open shop in Benin, Ivory Coast and Nigeria by 2021 (PHOTO/Courtesy)

Source

PML Daily (link opens in a new window)

Categories

Entrepreneurship, Finance

Tags

banking, financial access, financial serivces, LMICs, SMEs, social impact

Thelma Obiakor

Agency Banking and Off-Grid Energy: Banking the Unbanked Through Solar

In rural Africa, off-grid renewable energy products are gaining momentum - but their upfront cost can make them inaccessible to low-income customers. Commercial banks have struggled to penetrate these markets, but Thelma Obiakor at the Centre for the Study of the Economies of Africa explains that this is now changing. Thanks to agency banking, financial services and solar companies are providing a bridge to both energy access and greater financial inclusion.

Categories

Energy, Finance

Tags

banking, Base of the Pyramid, emerging markets, energy access, financial inclusion, financial serivces, global development, Off Grid Energy, renewable energy, rural development, solar energy