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Scholarships for savings: Nigerian bank uses incentives to advance financial inclusion among students
First Bank Plc has put in place a set of incentives, including scholarships, that would encourage young Nigerians, particularly students, to voluntarily embrace savings culture and by extension, help drive financial inclusion.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Paving the Way Out of Poverty: Health microinsurance can keep a medical emergency from becoming a financial tragedy
Every year, 100 million people around the world fall into poverty due to medical costs. Insurance is playing an increasing role in helping poor households avoid this tragic outcome. Jenny Nasr of the Microinsurance Network profiles a number of promising programs in countries around the world.
- Categories
- Health Care
- Tags
- savings
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Vodacom’s M-Pesa Growth Still Not Reaching South Africa
Vodacom identified mobile money service m-Pesa as a growth engine but its 2014/15 results showed this to be truer internationally than in South Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- lending, savings, telecommunications
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How Moven’s New App Encourages Savings, Eliminates Product Silos
Moven introduces a mobile banking application that uses real-time contextual insight to encourage savings, discourage impulse purchases and provide emergency funds seamlessly on a mobile phone or wearable device.
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- Uncategorized
- Tags
- savings
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Kenya’s Mobile Finance Revolution Takes the Next Steps: Two new developments go far beyond mobile money
Kenya’s mobile finance market is evolving, and for the country’s leading financial services players, that evolution has been a profitable one. But beyond M-PESA’s remarkable payments revolution and the continued growth of M-Shwari’s mobile banking services, there are two other important developments in the Kenyan market. MicroSave founder Graham Wright discusses their impact.
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- Uncategorized
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Savings Groups Allowed on EcoCash Mobile Money Platform in Zimbabwe
Econet Wireless is now allowing group savings on its mobile money platform, EcoCash, a development the company says will reduce risks associated with cash handling.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- savings
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Complement Your Giving With Impact Investing
Individual Americans gave $241.3 billion to charities in 2013, the most recent year for which data are available. They gave even more to their future selves, investing some$300 billion in their retirement accounts. Clearly, $241 billion in donations has the potential to accomplish a lot of good. But what about the investments?
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- Uncategorized
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The Art of Saving – Look to the Giraffe, the Ant and the Zebra: A parable informs financial inclusion training in Ethiopia
My Amharic skills are basic at best, but I have managed to learn the names of a few animals, including “gundan,” which means ant. In the middle of a recent savings and credit training session we conducted with farmers in northern Ethiopia, one trainer used the word "gundan." "What does an ant have to do with savings?" I asked.
- Categories
- Agriculture