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NexThought Monday – Innovation Overkill: Why product innovation in financial inclusion isn’t always the right move
All the renewed talk about product innovation and a client-centric approach in financial inclusion may overlook two important points, says MicroSave’s Graham Wright. First, there are important differences between market leaders and followers. And second, moving through the product development continuum isn’t easy. For some companies, he suggests, it’s better to copy than to innovate.
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- Uncategorized
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June’s Most Popular, Most Shared Posts: Failure and Success in Microfinance Products, Wireless Currency and Bold Ideas in Global Health Lead the List
Winston Churchill said: “Success is not final, failure is not fatal: it is the courage to continue that counts."
NextBillion’s most-read blog post in June explained how failure has helped influence microfinance institutions better understand their customers’ needs.- Categories
- Health Care
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Two Sides of the Same Coin: How India’s microfinance and health sectors can collaborate for greater impact
In countries like India, microfinance can be a valuable tool for providing the financing that the poor need to maintain their health. And for microfinance to achieve its goal of providing financial security to the poor, it has to address health security. Sabina Rogers of the Microcredit Summit Campaign describes how the two sectors could collaborate to expand health care access to hundreds of millions.
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- Education, Health Care
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India’s youngest bank Bandhan to empower women, rural folk
Innovative microfinance company Bandhan will operate as a bank from October next year and focus on empowering women and rural people, says its chairman and managing director Chandra Shekhar Ghosh.
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- Uncategorized
- Region
- South Asia
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Norms on small banks fail to impress micro lenders
The Reserve Bank of India's (RBI) draft guidelines for licensing of small banks has failed to impress microfinance companies.
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- Uncategorized
- Region
- South Asia
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Kiva.org and Grameen-Jameel launch initiative to stimulate individual lending for microfinance
Kiva and Grameen-Jameel Microfinance Ltd. have partnered to launch “Change is in Your Hands” campaign.
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Rwanda: Why Farmers Are Loyal to Micro-Finance Institutions
Rwandans have hailed the role of micro-finance institutions just as Kigali is hosting a global financial inclusion summit starting today.
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- Agriculture
- Region
- Sub-Saharan Africa
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IBM signes deal worth Rs 550 crore with microfinance firm Janalakshmi Financial Services
NEW DELHI: International Business Machines (IBM) has signed a deal worth Rs 550 crore with microfinance firmJanalakshmi Financial Services, according to people familiar with the discussions. IBM's consulting division, along with its Institute of Business Value, is leading the engagement, a person familiar with the transaction said.
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- Uncategorized
- Region
- South Asia