The Microcredit Summit Campaign, as part of its 6 Pathways, is helping to highlight ways that digital platforms are helping to expand financial inclusion, especially for the extreme poor. We are pleased to share with you this Executive Summary of their research.
At the 18th Microcredit Summit this research will be included in the breakout session “The Digital Revolution and Financial Inclusion.” We hope to see you there!
>> Authored by Jorge Moncayo and Marcos Reis.
Financial systems have a vital role in national economies. They provide savings, credit, payment, and risk management products to society. In this sense, inclusive financial systems — those with a high share of individuals and firms that use financial services — are especially likely to benefit poor people and other disadvantaged groups. On the contrary, poor people must rely on their limited savings to invest in their education or become entrepreneurs. In addition, small enterprises must rely on their limited earnings to pursue promising growth opportunities (Demirguc-Kunt and Klapper, 2012).
As part of their 2014 Campaign Commitment, Carsey School of Public Policy co-hosted a learning event on Thursday, December 11th with us to share the value of starting and scaling up savings groups. William Maddocks (Carsey School of Public Policy) facilitated an engaging discussion, featuring Jong-Hyon Shin (Fundación Capital in the Dominican Republic), and Jeffrey Ashe (The Carsey School of Public Policy).
Summary of the E-Workshop
The E-workshop focused on two main issues:
A 2-hour training method to create new savings groups
The link between savings groups and conditional cash transfers.
Jong-Hyon presented her own experience in the Dominican Republic, and Jeff talked about the takeaways from his research in West Africa.
Violencia doméstica, acoso sexual en el trabajo, discriminación desde la infancia y exclusión de la vida política es el aterrador panorama que dibuja Hanaa Edwar, una de las fundadoras del Iraqi Women Network (IWN)… Continue reading →
Congratulations to this week’s winner of the Raffle for Institutional Action Plan Submitters. Established in 2009, Fundación SERVIGUA is a private not-for-profit institution (according to the governmental decree 241-2009) that works with rural populations in the north and west of Guatemala, in … Continue reading →
Congratulations to this week’s winner of the Raffle for Institutional Action Plan Submitters, ProMujer! Submit your IAP to be included in the next Raffle (download the IAP | submit your completed IAP) Pro Mujer is a leading development organization that provides women … Continue reading →
Congratulations to this week’s winner of the Raffle for Institutional Action Plan Submitters, Fonkoze of Haiti! Fonkoze is Haiti’s alternative bank for the organized poor. In fact, it is a family of three institutions working together shoulder-to-shoulder towards a single … Continue reading →
Congratulations to the first winner of the Raffle for Institutional Action Plan Submitters, Fundación delamujer of Colombia! Fundación delamujer: A National Propeller in Microfinance Development Throughout its 26 years of operation, Fundación delamujer has continually contributed to the development of … Continue reading →
The world is mobilizing to address the massive earthquake that hit Haiti on Tuesday, dealing a horrific blow to the poorest nation in the Western Hemisphere. The reported epicenter of the earthquake is a highly populated area known to house many of Port-au-Prince’s poorest families. The International Red Cross estimates that one-third of the island nation’s 9 million people have been displaced by the earthquake and many thousands are dead.
This disaster requires both immediate emergency relief and longer term rebuilding efforts. Microfinance will play a crucial role in the financing needs that inevitably arise from this type of catastrophe as Haitians look to rebuild their country.
Please Donate Today
Below are microfinance organizations participating directly in relief and recovery work among earthquake victims in Haiti. Click on the organization link below to donate:
Pro Mujer, a long time Microcredit Summit Campaign friend and council member, has launch a new blog. Their blog features first-hand accounts from clients, loan officers and medical staff, as well as news, relevant studies, upcoming events, and highlights from Pro Mujer volunteers. All entries are posted in English and Spanish.Please visit their new blog and learn about their great work in Latin America today!