The workshop "Savings Groups: More Than Financial Services" co-organized by UNCDF in partnership with the SEEP Network and Financial Services Deepening Africa (FSD Africa), Freedom from Hunger and UK Aid was held on Thursday 16 February 2017 at Azalai Beach Hotel in Cotonou. The event was officially launched by the Honorable Adidjatou Mathys, Minister of Labor, Public Service and Social Affairs in charge of Microfinance. The workshop’s objective was to discuss the role of savings groups in the economic and social development at the grassroots level in Benin.
The UN Capital Development Fund (UNCDF) in Myanmar commenced its Market Development Facility (MDF) with its first loan to Pyae Mahar Services Ltd. – a Myanmar-owned (MFI) microfinance company. The three-year loan, totalling 300 million Myanmar Kyats, will be used by Pyae Mahar to increase its loan portfolio for greater lending capacity to its Ayeyarwady-based clients.
That’s the theme of the four-year National Financial Inclusion Strategy (N.F.I.S.) launched at the Taumeasina Island Resort yesterday.
The launch was attended by the Minister of Finance, Sili Epa Tuioti and Lizbeth Cullity, U.N.D.P. Resident Representative.
In his keynote address, Minister Sili addressed the importance of financial inclusion for the development of Samoa.
He said the plan targets low-income household, women and unemployed youth.
A sound financial system that best serves all sectors of society is the vision of Samoa’s first National Financial Inclusion Strategy (NFIS).
With approximately 3.4 bank branches for every 100,000 adults, Liberia is among the countries with the lowest banking penetration in the world. This penetration is set to shrink even further as commercial banks reduce their presence in the country due to severe infrastructural challenges that make traditional banking unsustainable outside the country’s capital Monrovia. Banks also face challenges linked to the aftermath of the Ebola epidemic and falling global commodity prices that have ravaged Liberia’s already fragile economy.
The grant agreement between the UN Capital Development Fund (UNCDF) and Digital Money Myanmar (Wave Money) was signed on the 9th of January 2017, in the presence of representatives from the United Nations Development Programme (UNDP) and the Australian Department of Foreign Affairs and Trade (DFAT).
You don't need to understand the language to love this commercial (below) for UNCDF/MicroLead partner NBS Bank's Papufi savings account. NBS Bank became the first bank in Malawi to provide a savings account which is transactional immediately and where the customer is not required to fill out any forms. All account opening information is collected electronically by the sales team in the field. The Papufi account has resulted in customers demanding other banks enable the opening of accounts in local market areas or customers’ homes, where it is more convenient.
Understanding your customer is the key to any successful marketing venture. However, too often, products are designed with little knowledge of end users. In this blog post, we describe how human-centered design and iterative testing can support DFS providers in their efforts to improve customer experience and develop products and services that are aligned with customers’ needs.
The Reserve Bank of Malawi, Women’s World Banking and NBS Bank are hosting a FREE webinar on Tuesday, January 17, 2017 at 9 AM EST, 4 PM CAT. The webinar will examine promising approaches and lessons learned as regulators and financial institutions work together to create accessible and profitable financial access for women.