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Want to Know How to Properly Measure Financial Inclusion? Copy the Retailers.
To better understand and measure how people use financial services, i2i looked outside the industry to the retail sector, which is at the forefront of how to collect and analyze data on how consumers engage with their services. In particular, retailers understand key usage indicators fundamental to their business; namely recency, frequency, monetary value and duration. That led i2i to apply these indicators while studying how to improve financial services.
- Categories
- Financial Inclusion
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Building Tools to Measure How, and How Much, Consumers Benefit from Financial Inclusion
It's easy to affirm that financial inclusion is increasing. It's more difficult – because of a lack of reliable and actionable tools – to determine how adults derive value from financial inclusion. To address that need, insight2impact recently developed and tested a needs measurement framework concept that takes users’ actual usage patterns into consideration.
- Categories
- Financial Inclusion
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It’s Time to Match Tools with Our Understanding of Consumers and Financial Inclusion
Established in 2015 as a resource centre to help find new ways to use data to assist the financial inclusion community, insight2impact recently released its "i2i Measurement Framework Note series." The document introduces a new theory and set of measurement frameworks designed to help stakeholders achieve their good intentions and is underpinned by three key insights.
- Categories
- Financial Inclusion
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Seeking the Anti-Poverty Holy Grail: Can a ‘Trust Mark’ Boost Microfinance’s Social Impact?
In an effort to find which microfinance practitioners are most successfully alleviating poverty, Truelift – with the help of other microfinance rating agencies and technical experts – designed an assessment tool and beta-tested it on nine institutions around the world. The result, essentially, is a global “trust mark” for anti-poverty action. Organizers are looking for opportunities to use the tool to support assessment of a variety of service providers.
- Categories
- Financial Inclusion
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Measuring the Impact of Social Design
A group of talented people will come together at the Measured Summit in New York City on Jan. 24 to discuss protocols for measuring the impact of social design in an effort to understand it better, evaluate where it works and why, attract and prepare the next practitioners to take it further, and scale those things about it that have earned attention and hope.
- Categories
- Events and Competitions, Impact Assessment
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Impact Investing Buzz: GIIN and Toniic Mix with Growth Reports
The knock on impact investing – both within and outside of the industry – is the lack of long-term data and platforms to observe deals in a more transparent way. The Global Impact Investing Network (GIIN) and Toniic, arguably the industry’s most influential trade groups, both released studies designed to turn around some of those perceptions. The reports were unveiled at the GIIN Investor Forum 2016 on Wednesday in Amsterdam.
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The Problem of Mandatory Formalization in Financial Inclusion
An opened bank account in and of itself means very little, and a sitting balance in a bank account is literally a waste of money. What does have meaning is what accumulated savings let a consumer buy or borrow at a lower cost at the right time, without having to beg, borrow (at high cost) or steal. And when that asset grows in a meaningful way, then we have something to write home about: development and wealth accumulation in action.
- Categories
- Financial Inclusion
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Pausing the Data Revolution to Ask a Few Questions
The people that many open-data proponents want to empower – for example, small farmers in Africa – don't have access to data that reflects on-the-ground realities, and lack the wherewithal to demand information that meets their needs. That led the authors to develop four key themes to help prioritize efforts to collect various open datasets to maximize the social good.
- Categories
- Technology
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