What do you know about emergency loans? Add your two cents:
Which emergency loan product model would be most helpful to the poor in your region?
What terms make sense to best meet the short-term credit needs of the poor?
What can we learn from the successes of MShwari in Kenya?
Originally posted on Truelift:
Adapted Products series: Services that meet the need of the Poor
Our Poverty-focused Microfinance Community of Practice (PovCoP) will be exploring adapted products over the coming months in a series of posts, group discussions, and interviews. We’ll start with a few case studies and learn what made each project a success. Please help broaden our understanding by sharing your own experiences with the community as well. For more information on adapting microfinance products globally, take a look at CGAPs recently released Better Insights for Better Products.
Emergency Loans in Kenya
In May 2012, Faulu Kenya released a new product for low-value cash emergencies called Kopa Chapaa. This 10-day loan is a mobile product offered through a partnership between Faulu Kenya and Airtel Money. Loans can be up to US $115 and are available to customers of Airtel Money for at least 6 months (2 transactions).
In December 2012…
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