UNCDF. Access to Financial Service for Rural Women: Best Practices, Challenges and Prospects

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "UNCDF. Access to Financial Service for Rural Women: Best Practices, Challenges and Prospects"

Transcription

1 UNCDF Access to Financial Service for Rural Women: Best Practices, Challenges and Prospects May 2015

2 Why target rural Women Empowerment of rural women is key to propoor development and economic growth.

3 Rural Women Poverty Reduction There are more women in rural areas Women are more likely to invest additional revenue in health, nutrition and education

4 Rural Women Economic Growth Economic contribution is regularly undervalued Number of women entrepreneurs is growing faster than the rate of men Gender equality is an essential component of economic growth

5 How to support rural Women Access to finance and financial services, which contribute to the development of markets and the strengthening of local economies

6 Best Practices: Ensuring the Key Elements Are Working for Clients VALUE convenience, planning and raising standard of living USAGE active engagement with multiple services ACCOUNTS basis for a relationship and new services ACCESS points of service within reach Source: CGAP 6

7 Best Practice: Seeking to Ensure Value Across the Range of Low Income People s Needs Livelihoods: Build income earning activities Meet social obligations: Marriage Funerals Education: Pay school fees Prepare for secondary school Daily Life: Improve housing Protection: Misfortune of breadwinners Source: CGAP 7

8 Best Practice: Using Qualitative Research to Understand Client Needs Poor clients already manage a wide range of financial instruments Interest free loan from neighbor Microfinance loan Shopkeeper credit Savings held for neighbors Rent arrears Microfinance savings account Life insurance Remittance to home village Cash in hand Home savings Wage advance Source: Portfolios of the Poor Photo Credit: AKDN / Jean-Luc Ray Savings Groups Loans to others Saving with a moneyguard

9 Best Practice: Access to Savings Strong evidence that savings works better for women o increases the productivity of rural women; o increases profits; o leads to greater investment in their businesses; o less prone to sell assets to address health emergencies; o improved consumption smoothing in the face of economic shock, o greater legal and psychological control over funds. Source: Women s Economic Empowerment, What Works World Bank Working Paper.

10 Best Practice: Using Data to Analyze the Challenge of Financial Exclusion The Extent The Dimensions 10 Tanzania s FinScope Data (2013) presents an example of both the challenge of financial exclusion as well as the opportunity for Savings Groups to formalize informal mechanisms.

11 Rural Women Challenges Volume & Usage Active vs Dormant Voluntary vs Mandatory Avg Balance Depth & Outreach Unbanked Savings & Loans Groups Scale & Innovation Alternative Delivery Channels Transaction/Usage Rate Client Characteristics

12 Rural Women Solutions Savings Groups autonomous Instant access Community-based Digital Finance Agent banking Mobile-money Technology Financial education Instant access Simple software

13 UNCDF MicroLead Project Focus WWB & NBS Bank, Malawi Downscaling initiative via agency banking New branchless savings product for low-income market Use of mobile phones and agents *Photos taken by WWB & NBS Bank

14 UNCDF/FIPA programs have strong potential to advance WEE Current work focused on addressing access issues Product and services design for female adolescent and youth Creating enabling regulatory environment for youth s access to finance Financial and technical support to Financial and technical support to FSPs in FSPs in scaling up branchless and scaling up branchless and mobile financial mobile financial services for poor services for poor women women Market and client research to develop digital financial products and services Capacity Resources Connection Perceptions Global and national advocacy on the use of e-payments to advance women s access to finance Grants and loans for FSPs, focusing on rural female population and deposit services Market research, product development, channel development, product marketing and financial education tailored for rural women Access issues Agency issues Financial and technical support for MFIs to provide clean energy for women Enabling policy and business environment to expand access to clean energy

15 Women and Markets: Opportunities Environment Labour markets Markets Goods and services markets Financial markets as important drivers of innovations in the real economy Efficient financial markets should allocate capital towards up-and-coming sectors/businesses Financial markets Access issues Capacity Resources Connections Culture/norms Agency issues Women play critical roles as producers, employees, and are the primary savers and spenders in the society Boosting women s economic participation brings benefit from greater collective power in growing economies Women as brand apostles Finance can help play a role in expanding markets access (entry and expansion) for women and enhance women s agency (ability, control, freedom) to penetrate the markets

16 THANK YOU!

ACCESS TO FINANCIAL SERVICES IN MALAWI: POLICIES AND CHALLENGES

ACCESS TO FINANCIAL SERVICES IN MALAWI: POLICIES AND CHALLENGES UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT Expert Meeting on THE IMPACT OF ACCESS TO FINANCIAL SERVICES, INCLUDING BY HIGHLIGHTING THE IMPACT ON REMITTANCES ON DEVELOPMENT: ECONOMIC EMPOWERMENT

More information

Tapping the Markets of Un/derbanked Women and Youth: Diamond Bank, Nigeria. August 14, 2013 Durban, South Africa

Tapping the Markets of Un/derbanked Women and Youth: Diamond Bank, Nigeria. August 14, 2013 Durban, South Africa Tapping the Markets of Un/derbanked Women and Youth: Diamond Bank, Nigeria August 14, 2013 Durban, South Africa Women s World Banking s Global Footprint + 30 years being the largest network in microfinance

More information

4. Conducting performance monitoring and evaluation

4. Conducting performance monitoring and evaluation 60 4. Conducting performance monitoring and evaluation IFAD DECISION TOOLS FOR RURAL FINANCE 4. Conducting performance monitoring and evaluation Action: Effectively conduct ongoing and annual performance

More information

Global South-South Development EXPO 2014

Global South-South Development EXPO 2014 Global South-South Development EXPO 2014 ILO Solution Forum: Microinsurance Washington DC, 19 November 2014 What do the working poor need? Opportunity: government policy, action Organisation: Co-ops, MFIs,

More information

REMITTANCES, BANCARIZATION

REMITTANCES, BANCARIZATION REMITTANCES, BANCARIZATION AND THE DEMAND FOR INSURING SCHEMES Dorothee Crayen - University of Tübingen Christa Hainz - Ifo Institute for Economic Research, Munich Christiane Ströh de Martínez - Free University

More information

Skills for Youth Employment

Skills for Youth Employment Skills for Youth Employment Published on UNESCO (https://en.unesco.org) Home > Call for Proposals - 8th UNESCO Youth Forum > Webform results > Submission #43245 I. INFORMATION ON THE IMPLEMENTING ORGANIZATION

More information

Making the Case for Mobile Money: A Look at Social Cash Transfers for Development

Making the Case for Mobile Money: A Look at Social Cash Transfers for Development FIELD BRIEF No. 19 August 2012 Making the Case for Mobile Money: A Look at Social Cash Transfers for Development This FIELD Brief is the nineteenth in a series produced by the Financial Integration, Economic

More information

FROM SOCIAL PERFORMANCE ASSESSMENT TO MANAGEMENT: CASE OF ESAF MICROFINANCE AND INVESTMENTS PRIVATE LTD., INDIA

FROM SOCIAL PERFORMANCE ASSESSMENT TO MANAGEMENT: CASE OF ESAF MICROFINANCE AND INVESTMENTS PRIVATE LTD., INDIA FROM SOCIAL PERFORMANCE ASSESSMENT TO MANAGEMENT: CASE OF ESAF MICROFINANCE AND INVESTMENTS PRIVATE LTD., INDIA Thrissur, June 2010 - Noémie Renier wrote this case study in the course of her Complementary

More information

The Role of Microfinance for Empowerment of Poor Women in Yemen

The Role of Microfinance for Empowerment of Poor Women in Yemen The Role of Microfinance for Empowerment of Poor Women in Yemen Ali Saleh Alshebami School of Commerce & Management Science, SRTM University, India E-mail: Talk2aliii@gmail.com Prof. D. M. Khandare School

More information

Solar Sister s Energy Consignment Model

Solar Sister s Energy Consignment Model Emerging Models Solar Sister s Energy Consignment Model SOLAR SISTER 2011 AFFORDABILITY MECHANISMS AND ENERGY ACCESS Women Micro-Retailers Drive Solar Product Adoption in East Africa Founded in 2010 by

More information

CONSUMERLAB. Mobile commerce in Emerging Asia

CONSUMERLAB. Mobile commerce in Emerging Asia CONSUMERLAB Mobile commerce in Emerging Asia An Ericsson Consumer Insight Summary Report August 2014 Contents METHODOLOGY 2 KEY FINDINGS 3 DIVERSE MARKETS 4 CASHONOMICS 6 DRIVING CHANGE 8 BUILDING BLOCKS

More information

FINANCIAL INCLUSION OF YOUTH

FINANCIAL INCLUSION OF YOUTH FINANCIAL INCLUSION OF YOUTH HIGHLIGHTS 2.5 billion - more than half of the world s working adults- are excluded from financial services. This is most acute among low-income populations in emerging and

More information

Point of Sale (POS) Networks for Microfinance. Africap Seminar, Nairobi April 2004

Point of Sale (POS) Networks for Microfinance. Africap Seminar, Nairobi April 2004 Point of Sale (POS) Networks for Microfinance Africap Seminar, Nairobi April 2004 Agenda 1/ Understanding the Business Case for POS Gautam Ivatury, CGAP 2/ Technology Presentations Barry Ryan, Fintech

More information

Microfinance Expert, CEO of YOSEFO Finance Chairman of the Board of Directors of Mbinga Community Bank

Microfinance Expert, CEO of YOSEFO Finance Chairman of the Board of Directors of Mbinga Community Bank A CLKnet FORUM PRESENTATION BY ALTEMIUS MILLINGA Microfinance Expert, CEO of YOSEFO Finance Chairman of the Board of Directors of Mbinga Community Bank 11 th April, 2012 1 Tanzania s Financial Sector Landscape

More information

2012 GRANT GUIDELINES

2012 GRANT GUIDELINES 2012 GRANT GUIDELINES The Citi Foundation is committed to the economic empowerment and financial inclusion of low- to moderate-income individuals, families and communities in the areas where we work so

More information

CHAPTER 5: MONEY MANAGEMENT*

CHAPTER 5: MONEY MANAGEMENT* Part B: Tools CHAPTER 5: MONEY MANAGEMENT* Successful saving groups show a high level of group spirit, good communications and good record keeping skills. Decisionmaking in the group should be participatory

More information

THE TRIPLE BOTTOM LINE FOR MICROFINANCE

THE TRIPLE BOTTOM LINE FOR MICROFINANCE THE TRIPLE BOTTOM LINE FOR MICROFINANCE Triodos Facet Geert Jan Schuite and Alberic Pater (gj.schuite@triodosfacet.nl) (a.pater@triodosfacet.nl) INTRODUCTION The past decade, we have witnessed an unprecedented

More information

The Impact of Interest Rate Ceilings on Microfinance Industry

The Impact of Interest Rate Ceilings on Microfinance Industry The Impact of Interest Rate Ceilings on Microfinance Industry Ali Saleh Alshebami School of Commerce & Management Science, SRTM University, India E-mail: Talk2aliii@gmail.com Prof. D. M. Khandare School

More information

SECTOR ASSESSMENT (SUMMARY): MICRO, SMALL AND MEDIUM-SIZED ENTERPRISE DEVELOPMENT 1 Sector Road Map 1. Sector Performance, Problems, and Opportunities

SECTOR ASSESSMENT (SUMMARY): MICRO, SMALL AND MEDIUM-SIZED ENTERPRISE DEVELOPMENT 1 Sector Road Map 1. Sector Performance, Problems, and Opportunities Small Business and Entrepreneurship Development Project (RRP UZB 42007-014) SECTOR ASSESSMENT (SUMMARY): MICRO, SMALL AND MEDIUM-SIZED ENTERPRISE DEVELOPMENT 1 Sector Road Map 1. Sector Performance, Problems,

More information

Data Analytics: Answering business questions with data

Data Analytics: Answering business questions with data Grameen Foundation s Savings Seminar Data Analytics: Answering business questions with data Oct 22 nd, 2013 Washington DC Speakers Tanaya Kilara, Financial Sector Analyst at CGAP Jacobo Menajovsky, Senior

More information

Room to Read Literacy Fund Report

Room to Read Literacy Fund Report Room to Read Literacy Fund Report Women s World Banking September 2011 Deepening Financial Inclusion for Women in the Pacific Islands: Executive Summary For more than 30 years, Women s World Banking (WWB)

More information

BACKGROUNDER ON VSLA S

BACKGROUNDER ON VSLA S THE MASTERCARD FOUNDATION BRIEFING NOTE BACKGROUNDER ON VSLA S Community-managed savings-led approaches to financial services for the poor have a long and successful history, particularly in India where

More information

UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION (UNIDO) Executive Summary. Access to finance for youth and women entrepreneurs in Myanmar

UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION (UNIDO) Executive Summary. Access to finance for youth and women entrepreneurs in Myanmar UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION (UNIDO) Executive Summary Access to finance for youth and women entrepreneurs in Myanmar Prepared by: IPC - Internationale Projekt Consult GmbH On behalf

More information

Savings in Zambia. Illana Melzer Eighty20 Consulting. October 2007

Savings in Zambia. Illana Melzer Eighty20 Consulting. October 2007 Savings in Zambia Illana Melzer Eighty20 Consulting October 2007 FinScope Zambia is a survey carried out on a nationally representative sample of Zambian adults (aged 16 and above) which profiles demand

More information

The Impact of Credit Unions on Poverty Alleviation in Selected Communities in Ghana

The Impact of Credit Unions on Poverty Alleviation in Selected Communities in Ghana The Impact of Credit Unions on Poverty Alleviation in Selected Communities in Ghana By Henk van Oosterhout and Ernest Senyo Dzandu BRIEFING NOTE The purpose of this note is to provide a synopsis of the

More information

Social Impact Report FY FY 2013 2013

Social Impact Report FY FY 2013 2013 Social Impact Report FY 2013 Message from the Chief Executive Officer I am pleased to present our second annual Social Impact Report. In this report, we discuss our various initiatives within the impact

More information

Q&A Oxfam and Impact Investments. Audience: Entrepreneurs Investors Oxfam + partners General audience (including press) General

Q&A Oxfam and Impact Investments. Audience: Entrepreneurs Investors Oxfam + partners General audience (including press) General Q&A Oxfam and Impact Investments Audience: Entrepreneurs Investors Oxfam + partners General audience (including press) General Q: Why is Oxfam active in impact investing? A: Oxfam believes the upcoming

More information

FINSCOPE Zambia 2009. FinScope Zambia 2009 M & N ASSOCIATES LIMITED

FINSCOPE Zambia 2009. FinScope Zambia 2009 M & N ASSOCIATES LIMITED FINSCOPE Zambia 2009 FinScope Zambia 2009 The Government of the Republic of Zambia (GRZ) has been committed to reforming the country s financial sector for several years. Financial access is now a priority

More information

Financial Services that Clients Need - The 3.0 Business Models - Reconciling Outreach with Sustainability

Financial Services that Clients Need - The 3.0 Business Models - Reconciling Outreach with Sustainability Financial Services that Clients Need - The 3.0 Business Models - Reconciling Outreach with Sustainability Berlin, 29 November 2012 Robert Peck Christen Maxwell School of Citizenship and Public Affairs,

More information

Impact Assessment Research of Micro- Credit Loans on Palestinian Women

Impact Assessment Research of Micro- Credit Loans on Palestinian Women Impact Assessment Research of Micro- Credit Loans on Palestinian Women Executive Summary: OPTIMUM for Consultancy & Training Randa Hilal Despite the fact that the universal Human Rights declarations, resolutions

More information

The Global Findex Database. Adults with an account at a formal financial institution (%) OTHER BRICS ECONOMIES REST OF DEVELOPING WORLD

The Global Findex Database. Adults with an account at a formal financial institution (%) OTHER BRICS ECONOMIES REST OF DEVELOPING WORLD 08 NOTE NUMBER FEBRUARY 2013 FINDEX NOTES Asli Demirguc-Kunt Leora Klapper Douglas Randall The Global Findex Database Financial Inclusion in India In India 35 percent of adults have a formal account and

More information

Assessing the Sustainability of Savings and Credit Cooperatives

Assessing the Sustainability of Savings and Credit Cooperatives Assessing the Sustainability of Savings and Credit Cooperatives Markus Distler (markus.distler@die-gdi.de) and Daniel Schmidt (daniel.schmidt@diegdi.de) 1 1. Introduction Microfinance has been centered

More information

ijcrb.webs.com INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS APRIL 2013 VOL 4, NO 12 MARKET, KISUMU COUNTY, KENYA.

ijcrb.webs.com INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS APRIL 2013 VOL 4, NO 12 MARKET, KISUMU COUNTY, KENYA. EFFECT OF MICROFINANCE LOANS ON THE PROFIT MARGINS OF WOMEN MANAGED SECOND HAND MERCHANDISE ENTERPRISES AT KIBUYE MARKET, KISUMU COUNTY, KENYA. SARAH OKWISA SIMWA SCHOOL OF HUMAN RESOURCE AND DEVELOPMENT,

More information

A SWOT Analysis of financial Inclusion in context of India and its Banking sector

A SWOT Analysis of financial Inclusion in context of India and its Banking sector A SWOT Analysis of financial Inclusion in context of India and its Banking sector ABSTRACT Ms. Shalini Choithrani Assistant Professor, Department of Commerce, Dr. H.S Gour University, Sagar The Indian

More information

Financial Linkages: Bridging the Formal and Informal Sectors

Financial Linkages: Bridging the Formal and Informal Sectors BRIEFING Notes March 2012 Financial Linkages: Bridging the Formal and Informal Sectors The linkage models developed by CARE and Access Africa are unique. They allow VSLAs to enjoy both the benefits of

More information

SCBF 2011-07 June 16, 2015

SCBF 2011-07 June 16, 2015 SCBF 2011-07 June 16, 2015 First life insurance with savings plans offered to low-income Egyptians by Dakahlya Businessmen Association for Community Development and Alexandria Businessmen Association 1.

More information

Web Annex 6: Output indicators and targets 2016-17

Web Annex 6: Output indicators and targets 2016-17 CL 153/3 Web Annex 6 1 Web Annex 6: Output indicators and targets 2016-17 SO1: Contribute to the eradication of hunger, food insecurity and malnutrition 1.1 Member countries and their 1.1.1 Improving capacities

More information

Zamani Abdul Ghani: Scaling up financial inclusion through branchless banking

Zamani Abdul Ghani: Scaling up financial inclusion through branchless banking Zamani Abdul Ghani: Scaling up financial inclusion through branchless banking Remarks by Mr Zamani Abdul Ghani, Deputy Governor of the Central Bank of Malaysia, at the Microfinance Policymakers Forum Scaling

More information

Small Business Banking perspective. Syed Mahbubur Rahman Managing Director & CEO

Small Business Banking perspective. Syed Mahbubur Rahman Managing Director & CEO Small Business Banking perspective Syed Mahbubur Rahman Managing Director & CEO BRAC Bank Beginning of the Journey Small and Medium size Enterprises (SMEs) in Bangladesh did not have access to banks and

More information

APEC Access to Capital Workshop Challenges and Opportunities for Women-owned SMEs Access to Finance

APEC Access to Capital Workshop Challenges and Opportunities for Women-owned SMEs Access to Finance APEC Access to Capital Workshop Challenges and Opportunities for Women-owned SMEs Access to Finance By Rachel Freeman, IFC 1 Forget China, India and the Internet: Economic Growth is Powered by Women Source:

More information

WOMEN S FINANCIAL INCLUSION

WOMEN S FINANCIAL INCLUSION PROMOTING WOMEN S FINANCIAL INCLUSION IN ZAMBIA WOMEN S FINANCIAL About FSDZ INCLUSION CALL FOR CONCEPT NOTES SUBMISSION PROCESS AND GUIDELINES PUBLIC SECTOR APPLICANTS Financed by Financial Sector Deepening

More information

5. SOCIAL PERFORMANCE MANAGEMENT IN MICROFINANCE 1

5. SOCIAL PERFORMANCE MANAGEMENT IN MICROFINANCE 1 5. SOCIAL PERFORMANCE MANAGEMENT IN MICROFINANCE 1 INTRODUCTION TO SOCIAL PERFORMANCE MANAGEMENT Achieving Social and Financial Performance In the microfinance arena, performance has long been associated

More information

Approach 3: Partnering with a popular show and multiple financial institutions (Nawiri Dada Campaign, a partnership with Makutano Junction, in Kenya)

Approach 3: Partnering with a popular show and multiple financial institutions (Nawiri Dada Campaign, a partnership with Makutano Junction, in Kenya) Approach 3: Partnering with a popular show and multiple financial institutions (Nawiri Dada Campaign, a partnership with Makutano Junction, in Kenya) Women s World Banking built on the experience and the

More information

The landscape of Microinsurance in Tanzania: what lies beneath?

The landscape of Microinsurance in Tanzania: what lies beneath? The landscape of Microinsurance in Tanzania: what lies beneath? Microinsurance learning session Dar es Salaam, 24-25 March 2014 Presented by: Christine Hougaard Context: divergent driving forces High inflation

More information

Role of Micro Finance Institutions in Micro Insurance

Role of Micro Finance Institutions in Micro Insurance Global Journal of Management and Business Studies. ISSN 2248-9878 Volume 3, Number 5 (2013), pp. 535-540 Research India Publications http://www.ripublication.com/gjmbs.htm Role of Micro Finance Institutions

More information

RESEARCH MONOGRAPH SERIES STRENGTHENING CREDIT UNIONS IN SRI LANKA: DISPELLING THE MIDDLE CLASS MYTH

RESEARCH MONOGRAPH SERIES STRENGTHENING CREDIT UNIONS IN SRI LANKA: DISPELLING THE MIDDLE CLASS MYTH RESEARCH MONOGRAPH SERIES Number 19 STRENGTHENING CREDIT UNIONS IN SRI LANKA: DISPELLING THE MIDDLE CLASS MYTH 5710 Mineral Point Rd. PO Box 2982 Madison, Wisconsin 53701-2982 USA Phone: (608) 231-7130

More information

Microfinance in Egypt:

Microfinance in Egypt: The Egyptian financial Supervisory authority Microfinance in Egypt: An Overview Ghada Waly Advisor to the Chairman for Microfinance EFSA Content Definition of Microfinance (MF) Historical Background of

More information

Ethiopia Promoting Inclusive Insurance

Ethiopia Promoting Inclusive Insurance Ethiopia Promoting Inclusive Insurance Survey Research -Terms of Reference Date: 15 June 2016 1 Project Background This Terms of Reference ( ToR ) is for work that forms part of a broader three year program,

More information

The IBIS Education for Change strategy states the overall objective

The IBIS Education for Change strategy states the overall objective CONCEPT PAPER: YOUTH EDUCATION & TRAINING 1 Concept Paper youth education & training Photo: Ricardo Ramirez The IBIS Education for Change strategy states the overall objective of IBIS work with education

More information

FEED THE FUTURE LEARNING AGENDA

FEED THE FUTURE LEARNING AGENDA FEED THE FUTURE LEARNING AGENDA OBJECTIVE OF THE LEARNING AGENDA USAID s Bureau of Food Security will develop Feed the Future s (FTF) Learning Agenda, which includes key evaluation questions related to

More information

Designing Financial Services For Youth. Timothy H. Nourse President Making Cents International Tim@MakingCents.com www.makingcents.

Designing Financial Services For Youth. Timothy H. Nourse President Making Cents International Tim@MakingCents.com www.makingcents. Designing Financial Services For Youth Timothy H. Nourse President Making Cents International Tim@MakingCents.com www.makingcents.com Bringing out the Youth in You Think back to your first experience at

More information

Promoting Asset Building Among Kenyan Youth POSTBANK S EXPERIENCE. Presentation by KASIO MUTUKU 13 TH MAY 2014

Promoting Asset Building Among Kenyan Youth POSTBANK S EXPERIENCE. Presentation by KASIO MUTUKU 13 TH MAY 2014 Promoting Asset Building Among Kenyan Youth POSTBANK S EXPERIENCE. Presentation by KASIO MUTUKU 13 TH MAY 2014 Kenya s Financial Landscape Kenya s financial sector is still developing. The key players

More information

Arab Republic of Egypt: Commercial Microfinance The National Bank for Development

Arab Republic of Egypt: Commercial Microfinance The National Bank for Development Arab Republic of Egypt: Commercial Microfinance The National Bank for Development There is a large unmet demand for microfinance services among the entrepreneurial poor in Egypt. It is estimated that Egypt

More information

THE MASTERCARD FOUNDATION: RURAL AND AGRICULTURAL FINANCE STRATEGY

THE MASTERCARD FOUNDATION: RURAL AND AGRICULTURAL FINANCE STRATEGY THE MASTERCARD FOUNDATION: RURAL AND AGRICULTURAL FINANCE STRATEGY SEPTEMBER 2015 The MasterCard Foundation works with visionary organizations to provide greater access to education, skills training and

More information

FINANCING SMALL AND MICRO ENTERPRISES IN AFRICA 2. THE CHARACTERISTICS OF MICROFINANCE ARRANGEMENTS IN AFRICA

FINANCING SMALL AND MICRO ENTERPRISES IN AFRICA 2. THE CHARACTERISTICS OF MICROFINANCE ARRANGEMENTS IN AFRICA FINANCING SMALL AND MICRO ENTERPRISES IN AFRICA 1. THE ISSUES There is the perception that the demand for finance by small enterprises far exceeds the supply, but recent research in 4 countries shows that

More information

FINANCIAL INCLUSION, REDUCTION BRAZZAVILLE, MARCH 23, 2015 ECCAS REGIONAL CONFERENCE

FINANCIAL INCLUSION, REDUCTION BRAZZAVILLE, MARCH 23, 2015 ECCAS REGIONAL CONFERENCE FINANCIAL INCLUSION, GROWTH AND POVERTY REDUCTION BRAZZAVILLE, MARCH 23, 2015 ECCAS REGIONAL CONFERENCE Philippe Aguera Senior financial sector specialist Finance and Markets Practice World Bank Financial

More information

Agent Economics: M-PESA. May 2009

Agent Economics: M-PESA. May 2009 Agent Economics: M-PESA May 2009 Dimensions of our research Analysis based on 19 agents, representing 125 M-PESA outlets typical of agents in locations where low-income Kenyans live, work and shop. Looked

More information

Egyptian Banking Institute 3 rd Annual Banking Conference Cairo, November 22-23, 2009

Egyptian Banking Institute 3 rd Annual Banking Conference Cairo, November 22-23, 2009 Product Innovation and Access to Finance Keith Jefferis Egyptian Banking Institute 3 rd Annual Banking Conference Cairo, November 22-23, 2009 Structure Banking & access to finance Challenges in banking

More information

Employment creation in innovative public work programs: Phase III

Employment creation in innovative public work programs: Phase III EPr1 Employment creation in innovative public work programs: Phase III 129 130 As of the end of October 2014, Egypt was host to some 140,000 registered Syrian refugees. While the influx of refugees has

More information

Introduction1. Sample Description. Drivers of Costs and the Empirical Approach or Explanatory Variables:

Introduction1. Sample Description. Drivers of Costs and the Empirical Approach or Explanatory Variables: Efficiency Drivers of Microfinance Institutions (MFIs): The Case of Operating Costs 1 Adrian Gonzalez, Researcher, MIX (agonzalez@themix.org) The findings, interpretations, and conclusions expressed in

More information

CHAPTER 6 Towards a Resilient and Inclusive Financial System

CHAPTER 6 Towards a Resilient and Inclusive Financial System CHAPTER 6 Towards a Resilient and Inclusive Financial System Effective systems of support are essential to the realization of high and sustained economic growth and social inclusion, which are considered

More information

184. PROFILE ON MICRO FINANCE SERVICE

184. PROFILE ON MICRO FINANCE SERVICE 184. PROFILE ON MICRO FINANCE SERVICE 184-2 TABLE OF CONTENTS PAGE I. SUMMARY 184-3 II. SERVICE DESCRIPTION & APPLICATION 184-3 III. MARKET STUDY AND SERVICE CAPACITY 184-4 A. MARKET STUDY 184-4 B. CAPACITY

More information

Absa Salient Aspects " # $ " # $

Absa Salient Aspects  # $  # $ ! "# $ $ $ % '! " # $ %& ' Absa Salient Aspects 11m clients Outsting Portfolio ( 09) R503b / $67b Cap Adequacy Ratio 14% C to I Ratio 49% Return on Average Equity 23% Main owner Barclays PLC 57% " # $

More information

Financial Term Definitions

Financial Term Definitions Financial Term Definitions BALANCE SHEET Cash and Due from Banks Cash, petty cash, balances in banks, including noninterest bearing deposits Reserves from Central Bank Cash reserves in a central bank Short

More information

MOBILE MONEY: CELL PHONE BANKING IN DEVELOPING COUNTRIES

MOBILE MONEY: CELL PHONE BANKING IN DEVELOPING COUNTRIES POLICYMATTERS JOURNAL MOBILE MONEY: CELL PHONE BANKING IN DEVELOPING COUNTRIES BRITNI MUST AND KATHLEEN LUDEWIG JOHN ERICKSON, EDITOR Mobile money allows users to pay for goods and services by using short

More information

FinScope South Africa 2012 Consumer Survey. October 30 th 2012

FinScope South Africa 2012 Consumer Survey. October 30 th 2012 FinScope South Africa 2012 Consumer Survey October 30 th 2012 1 Contents 1 Who we spoke with 4 2 What has changed since 2004? What do people s lives look like today? 3 And what about people s financial

More information

Table 1. Active User Projections for Planned M-Banking Service

Table 1. Active User Projections for Planned M-Banking Service Market Research MARKET SIZING OVERVIEW Market sizing is traditionally defined as estimating the number of buyers of a particular product, or users of a service. Because of the relative newness of mobile

More information

Introduction. Why the PPI? Center for Agriculture & Rural Development (CARD):

Introduction. Why the PPI? Center for Agriculture & Rural Development (CARD): Center for Agriculture & Rural Development (CARD): Using the PPI to Promote Microsavings and Enhance Targeted Marketing to the Poor Introduction The Center for Agriculture and Rural Development (CARD),

More information

Segmenting the youth market to deliver age-appropriate savings and training services in Uganda

Segmenting the youth market to deliver age-appropriate savings and training services in Uganda By Flavia Nakamatte and Laura Muñoz Segmenting the youth market to deliver age-appropriate savings and training services in Uganda Youth programme summary Types of youth services Age groups of clients

More information

The Promotion of Women Entrepreneurship in Finland

The Promotion of Women Entrepreneurship in Finland The Promotion of Women Entrepreneurship in Finland 26.10.2010 Tuulikki Laine-Kangas Women entrepreneurship in Finland 83 000 women entrepreneurs Women entrepreneurs accounted for over 30 % of the total

More information

V. DEVELOPING SUSTAINABLE MICROFINANCE SYSTEMS

V. DEVELOPING SUSTAINABLE MICROFINANCE SYSTEMS V. DEVELOPING SUSTAINABLE MICROFINANCE SYSTEMS Introduction Ashok Sharma Senior Financial Economist Asian Development Bank While many factors contribute to poverty, its most obvious manifestation is insufficient

More information

Intermediation the key challenge for Micro Insurance. Jeremy Leach FinMark Trust. With support from:

Intermediation the key challenge for Micro Insurance. Jeremy Leach FinMark Trust. With support from: Intermediation the key challenge for Micro Insurance Jeremy Leach FinMark Trust With support from: Independent trust formed in April 2002 Initial funding from the UK s Department for International Development

More information

MILK Brief #33: The Right Touch Reducing Distribution Costs in Alternative Channels for Microinsurance 1

MILK Brief #33: The Right Touch Reducing Distribution Costs in Alternative Channels for Microinsurance 1 MILK Brief #33: The Right Touch Reducing Distribution Costs in Alternative Channels for Microinsurance 1 Introduction Touch level or the nature and extent of a company s interaction with the buyer and

More information

Market Research. Conducting Surveys and Focus Groups

Market Research. Conducting Surveys and Focus Groups Market Research Conducting Surveys and Focus Groups Key Steps for Research Analysis Market Assessment Research Objectives Focus Groups Develop Hypothesis Survey Instruments Research Objectives Segment

More information

RURAL AND AGRICULTURE FINANCE Prof. Puneetha Palakurthi School of Community Economic Development Sothern New Hampshire University

RURAL AND AGRICULTURE FINANCE Prof. Puneetha Palakurthi School of Community Economic Development Sothern New Hampshire University RURAL AND AGRICULTURE FINANCE Prof. Puneetha Palakurthi School of Community Economic Development Sothern New Hampshire University DRIVERS OF RURAL DEVELOPMENT High overall economic growth Effective land

More information

Social protection and poverty reduction

Social protection and poverty reduction Social protection and poverty reduction Despite the positive economic growth path projected for Africa, the possibility of further global shocks coupled with persistent risks for households make proactive

More information

Impact Investment. AFI Summit Discussion August 18, 2015

Impact Investment. AFI Summit Discussion August 18, 2015 Impact Investment AFI Summit Discussion August 18, 2015 Catalyzing Investments Over Time Impact Investing S SCALE OF OUTREACH c a l e Institution Building Governance Project-based TA SUSTAINABILITY Why

More information

Euronet USA, Inc. 17300 Chenal Parkway, Suite 200 Little Rock, AR, 72223. Tel: 1-501-218-7300 Fax: 1-501-218-7302

Euronet USA, Inc. 17300 Chenal Parkway, Suite 200 Little Rock, AR, 72223. Tel: 1-501-218-7300 Fax: 1-501-218-7302 Euronet USA, Inc. 17300 Chenal Parkway, Suite 200 Little Rock, AR, 72223 Tel: 1-501-218-7300 Fax: 1-501-218-7302 E-mail us at: mail@euronetworldwide.com Visit our Web site at www.euronetworldwide.com.

More information

Women Organizing for Change in Agriculture & Natural Resource Management. Women s Carbon Standard (WCS)

Women Organizing for Change in Agriculture & Natural Resource Management. Women s Carbon Standard (WCS) Women Organizing for Change in Agriculture & Natural Resource Management Women s Carbon Standard (WCS) Version: April 2013 Version: April 2013 Executive Summary The Women s Carbon Standard (WCS) is a set

More information

Catalysing the Participation of Women-Owned Businesses in Intra- EAC Trade through Evidence-based Policies and Programmes

Catalysing the Participation of Women-Owned Businesses in Intra- EAC Trade through Evidence-based Policies and Programmes Catalysing the Participation of Women-Owned Businesses in Intra- EAC Trade through Evidence-based Policies and Programmes INSPIRE. EMPOWER. DEVELOP a. Introduction Equal access to economic opportunities

More information

SECTOR ASSESSMENT (SUMMARY): FINANCE

SECTOR ASSESSMENT (SUMMARY): FINANCE Microfinance Expansion Project (RRP PNG 44304) Sector Road Map SECTOR ASSESSMENT (SUMMARY): FINANCE 1. Sector Performance, Problems, and Opportunities 1. During 2000 2006, the growth in population in Papua

More information

MICROFINANCE. Orrick, Herrington & Sutcliffe. Legal guide. Type: Published: Last Updated: Keywords: Microfinance; lending; development.

MICROFINANCE. Orrick, Herrington & Sutcliffe. Legal guide. Type: Published: Last Updated: Keywords: Microfinance; lending; development. MICROFINANCE Orrick, Herrington & Sutcliffe Type: Published: Last Updated: Keywords: Legal guide Microfinance; lending; development. This document provides general information and comments on the subject

More information

MFI Business Plan for (Name of MFI)

MFI Business Plan for (Name of MFI) Annex b: Business Plan Format MFI Business Plan for (Name of MFI). Organisational Profile. Background Provide a brief history of your organisation (i.e. start of operations, donor/other support, etc.).

More information

Self-Help: Scaling Microfinance in California

Self-Help: Scaling Microfinance in California Self-Help: Scaling Microfinance in California A Case Study of Business Model Innovation Date of Publication: January 2013 Author: Ginger McNally National Federation of Community Development Credit Unions

More information

Microfinance and Technology

Microfinance and Technology Microfinance and Technology Frankfurt School of Finance and Management July 2013 Julia Abakaeva CGAP s Contribution to Evolving Field 1995 Microcredit Proof of concept for microcredit Sustainability in

More information

ACCESS TO FINANCE RWANDA (AFR)

ACCESS TO FINANCE RWANDA (AFR) ACCESS TO FINANCE RWANDA (AFR) RECRUITMENT OF A TECHNICAL DIRECTOR - (Re- Advertised) 1. BACKGROUND Over the past ten years the UK s Department for International Development (DFID) has worked with other

More information

Is the success of M-Pesa empowering Kenyan rural women?

Is the success of M-Pesa empowering Kenyan rural women? 156 Feminist Africa 18 Is the success of M-Pesa empowering Kenyan rural women? Oumy Khairy Ndiaye M-Pesa ( M for mobile, pesa is Swahili for money) is one of the most celebrated success stories in information

More information

Mobile microfinance for social development

Mobile microfinance for social development Mobile for social development Organized by the: Raphaël Dard, ICT for Trade Development Mobile phones for business An International Trade Centre service: tradeathand marketprices Mobile phones for business

More information

FUNDAMENTALS OF MICROFINANCE BANKING

FUNDAMENTALS OF MICROFINANCE BANKING FUNDAMENTALS OF MICROFINANCE BANKING GENERAL COMMENTS The questions were standard, simple and within the syllabus. A total of 913 candidates attempted this paper, 379 candidates (42%) passed, which include

More information

Summary. Overview of Equity Bank Limited MICROLEAD. Equity Bank: South Sudan Rwanda Tanzania. Case Study

Summary. Overview of Equity Bank Limited MICROLEAD. Equity Bank: South Sudan Rwanda Tanzania. Case Study Equity Bank: South Sudan Rwanda Tanzania Case Study MICROLEAD INCREASING FINANCIAL INCLUSION IN EAST AFRICA: Equity Bank s Agent-Driven Model By Ann Duval Summary In 1993, Equity Building Society in Kenya

More information

CYB Credit for youth in business (Under the auspices of National Youth Council of Namibia)

CYB Credit for youth in business (Under the auspices of National Youth Council of Namibia) CYB Credit for youth in business (Under the auspices of National Youth Council of Namibia) LOAN APPLICATION BUSINESS PLAN (TEMPLATE) (To be submitted to Bank Windhoek, together with CYB - Bank Loan application

More information

THE MULTILATERAL INVESTMENT FUND DEPLOYING VALUE CHAINS FOR DEVELOPMENT. Nancy Lee General Manager MULTILATERAL INVESTMENT FUND

THE MULTILATERAL INVESTMENT FUND DEPLOYING VALUE CHAINS FOR DEVELOPMENT. Nancy Lee General Manager MULTILATERAL INVESTMENT FUND THE MULTILATERAL INVESTMENT FUND DEPLOYING VALUE CHAINS FOR DEVELOPMENT Nancy Lee General Manager MULTILATERAL INVESTMENT FUND 2. TABLE OF CONTENTS Introduction to the Multilateral Investment Fund Evolution

More information

IFAD s purpose. Where we work 1. How we work

IFAD s purpose. Where we work 1. How we work IFAD at a glance IFAD s purpose The goal of the International Fund for Agricultural Development (IFAD) is to enable poor rural people to improve their food and nutrition security, increase their incomes

More information

Capacity Statement Youth Enterprise and Vocational Training 1

Capacity Statement Youth Enterprise and Vocational Training 1 Capacity Statement Youth Enterprise and Vocational Training 1 Nearly 90% of today s youth, those aged 15 to 24, live in developing countries 2, and these youth represent more than 40% of the world s unemployed

More information

Learning from Impact Evaluation: An Operations Perspective PAKISTAN POVERTY ALLEVIATION FUND

Learning from Impact Evaluation: An Operations Perspective PAKISTAN POVERTY ALLEVIATION FUND Learning from Impact Evaluation: An Operations Perspective PAKISTAN POVERTY ALLEVIATION FUND TABLE OF CONTENTS Ò Pakistan Overview Ò The PPAF Story Ò Learning from Impact Evaluations + Research Ò Our Approach

More information

USING MOBILE DATA TO REACH THE UNBANKED

USING MOBILE DATA TO REACH THE UNBANKED USING MOBILE DATA TO REACH THE UNBANKED AGENDA Technology in Financial Inclusion Introduction to Cignifi The Project Analysis and Results Other Applications Conclusions 2 TECHNOLOGY IN FINANCIAL INCLUSION

More information

CONCLUSIONS AND IMPLICATIONS. 1. Jobs, an urgent challenge. 2. Opportunities for job creation

CONCLUSIONS AND IMPLICATIONS. 1. Jobs, an urgent challenge. 2. Opportunities for job creation CHAPTER 11 CONCLUSIONS AND IMPLICATIONS 1. Jobs, an urgent challenge The world is facing an enormous jobs challenge, a challenge that is twofold. First, 600 million jobs must be created by 2020. Second,

More information

Training Programme 2014

Training Programme 2014 C A PA C I T Y D E V E LO P M E N T P R O G R A M M E S 2 0 1 4 Training Programme 2014 Economic and Social Research Foundation (ESRF) Research Capacity Building Knowledge Management CAPACITY DEVELOPMENT

More information

Remittances, Microfinance and Technology

Remittances, Microfinance and Technology Remittances, Microfinance and Technology C P Abeywickrema, Deputy General Manager Hatton National Bank, Sri Lanka This paper discusses migrant remittances in the Sri Lankan context, specifically in relation

More information

Mobile money in Africa: Bridging the financial gap and unlocking entrepreneurial potential. Dr. Christoph Stork

Mobile money in Africa: Bridging the financial gap and unlocking entrepreneurial potential. Dr. Christoph Stork Mobile money in Africa: Bridging the financial gap and unlocking entrepreneurial potential Dr. Christoph Stork Informal Sector GDP contribution, link to formal sector, contribution to job generation vastly

More information