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.
The Town Development Fund of Nepal organized a national conference on Municipal Finance jointly with the Ministry of Federal Affairs and Local Development (MoFALD) and the Ministry of Urban Development (MoUD) that took place on December 20 in Kathmandu at Hotel Annapurna.
“Leaving nobody behind” is the very foundation of the Sustainable Development Goals. Therefore, we are happy to be working on this important initiative - which will make sure that more people in Sierra Leone have access to finance - together with the Bank of Sierra Leone
Sunil Saigal, Resident Coordinator, United Nations in Sierra Leone
On 29 June 2016, Bank of the Lao PDR (BoL) hosted the seventh quarterly Digital Financial Services (DFS) Working Group meeting, with the support of the United Nations Capital Development Fund (UNCDF) programme Mobile Money for the Poor (MM4P) and the programme Making Access to Finance more Inclusive for Poor People (MAFIPP).
Today UNCDF celebrates its 50th anniversary.
Much has changed in the world since UNCDF’s founding in 1966, and while its programmes have evolved over the years, its guiding mission has remained very much the same: making finance work for the poor.
Caisse d'Epargne et de Credit du Cameroun (CEC) is organized as a member cooperative with ten branches and over 56,000 active members. Through UNCDF’s MicroLead program and supported by technical service providers BASIX and Pamiga, in April 2015, CEC began rolling out digital financial services using a proprietary agent network. We interviewed CEC’s Eric Kenkolla, Director Information Systems, about their agent network.
MicroLead: What type of agent network is CEC using?
A DFS Knowledge Sharing Workshop
How can financial service providers best adopt digital finance solutions (DFS)? What are the potential pitfalls, opportunities and challenges of digital finance?
This October, Burkina Faso financial service providers (FSPs), NGOs working with informal savings groups, an MNO, Fintechs and regulators met to share their experiences and answer these questions.
One of the biggest challenges to financial inclusion in Nepal, like in many least developed countries, is the lack of physical infrastructure linking low-income people in rural areas to digital platforms. Developing agent networks and other cash-in/cash-out points is one of the critical steps in bridging this access gap. Without access to digital service points, farmers, merchants, teachers, pensioners, etc., who are living in remote areas cannot possibly adopt financial services that would impact their businesses and lives.
In theory, a consumer in Benin has a number of different choices when it comes to formal, regulated financial services. He or she can opt for a mobile money account, currently offered by two main providers, that gives them access to their money through their phone, as well as a financial services agent. A more traditional bank account is also an option and typically utilized for savings or loans. And, consumers can use a microfinance institution (MFI), or other non-bank financial institutions which tend to be popular in Benin.
Orphaned and uneducated, Felicia Nimo had to struggle to make her way in life. Adopted along with her siblings by her aunt, she took her place at her aunt’s petty trading business. There, she learned the business, working there until she married.
Felicia opened a “chop bar,” and life was rosy until her husband fell seriously ill and was unable to work. The burden of supporting the family fell upon Felicia. Stretched between family and business obligations, her business suffered, and customers went elsewhere.