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Financial Services That Work for Young People: How Social Norms Impact Financial Resilience Among the Youth in Africa
Financial service providers are capable of reaching young people in Africa, but not without a deep understanding of how social norms and expectations are impacting their financial access and usage, say Lise Paaskesen at Lise Consultancy and Weselina Angelow at the World Savings and Retail Banking Institute. They explore research that suggests how providers can improve young people's opportunities and resilience by offering services that foster autonomy, decision-making and bargaining power — which in turn can contribute to changing social norms in those areas.
- Categories
- Finance
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Financial Inclusion During – And After – COVID-19: The 2021 Compass Survey Reveals the True Scale of the Challenges Ahead
COVID-19 has upended the global financial inclusion sector, causing immense new challenges for low-income clients, their households and businesses, providers, funders, and the broader ecosystem. The full extent of this impact won't be seen until the pandemic fully subsides, but trends are emerging. Sam Mendelson at e-MFP shares findings from the organization's most recent Financial Inclusion Compass survey, which asked a broad cross-section of stakeholders where they see these increasingly complex issues trending — and what they’d like to see in the future.
- Categories
- Coronavirus, Finance
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Research that Embraces the Messiness of Real Life: How an Innovative, Tech-Enabled Survey Method is Revealing the True Feelings of the Bottom Billion
Of any population in the world, the poor are the least likely to feel free to speak their minds, which makes it difficult to use surveys to understand and meet their unique needs. Daryl Collins, and Carolina de Miranda and Laura Morínigo of Fundación Capital, explore how tech-enabled research methods can provide a solution to this dilemma. They share how a unique, WhatsApp-based survey approach has helped Fundación Capital understand the nuanced meaning behind the responses of women who participated in a gender norms-focused messaging campaign in Paraguay.
- Categories
- Impact Assessment, Technology
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Making This Year Better Than the Last: A Recent Survey Assesses the Pandemic’s Impacts on Micro and Small Businesses
Micro and small businesses dealt with massive challenges during the initial months of the COVID-19 pandemic, and even those that adapted and survived still face major struggles. Juan Carlos Thomas at TechnoServe shares the results of a recent study on COVID-19's impact on these enterprises, and explores how his organization has been supporting them – including through a crisis toolkit that helps them weather the pandemic's challenges, and through digital tools focused on business training and access to finance.
- Categories
- Coronavirus, Entrepreneurship, Technology
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An Engaging Approach to Entrepreneurship Training: Four Free Case Studies Highlight Solutions to Business Dilemmas in Emerging Markets
Entrepreneurs in emerging markets face a number of common challenges when growing their businesses, yet there is a lack of affordable and accessible training tools geared specifically to their needs. To help fill that gap, the William Davidson Institute (WDI)'s Entrepreneurship Development Center has published four free case studies exploring dilemmas faced by small businesses on the path to growth. WDI's Amy Gillett and Kristin Babbie Kelterborn highlight these studies, which can be put to use in entrepreneurship training programs or used by entrepreneurs themselves.
- Categories
- Entrepreneurship
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Women Are Paying More for M-Pesa: A Gender Analysis of Mobile Money Fees in Kenya
The cost of using financial services is a key barrier to their adoption and use in low- and middle-income countries — and when it comes to mobile money transactions via M-Pesa in Kenya, those costs are greater for women, according to a recent study. Bryan Pon at Caribou Data shares details about the study's findings, and explains how understanding these gender differences could illuminate some of the obstacles women face when using digital financial services – and help inform policy or system design approaches that could address these challenges.
- Categories
- Finance, Technology
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Winning the Low-Income Market: Assessing the State of Product Development in the Nigerian Financial Service Industry
Nigeria's financial inclusion goals have gone unmet, and the COVID-19 pandemic has slowed progress even further. Olayinka David-West and Ibukun Taiwo of the Sustainable and Inclusive Digital Financial Services initiative of the Lagos Business School share the results of their 2020 study on the state of the Nigerian market, exploring the product development practices of the country's financial service providers – and how they could be improved.
- Categories
- Finance
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India Needs Over $900 Billion in Climate Finance by 2030: This Roadmap Can Mobilize Private Sector Investment
India is committed to lowering its greenhouse gas emissions, but its goals under the Paris Agreement are not ambitious enough. Simmi Sareen at GreenFunder and Shravan Shankar at the BIG Green Collaborative argue that the country must focus on increasing energy storage and efficiency, decreasing agriculture and manufacturing emissions, and adapting to a more hostile climate. They explore how innovative and scalable technology can address these priorities by 2030 — and how strengthening India’s climate financing structures can help generate the $100 billion in yearly private investment this will require.
- Categories
- Energy, Environment, Investing
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