In a few short weeks, MicroLead will introduce its third digital finance toolkit: Leverage an Existing Agent Network. The toolkit is part of MicroLead and The MasterCard Foundation’s series, “How to Succeed in Your Digital Journey: A Series of Toolkits for Financial Service Providers.” It follows the toolkits, Use Mobile as a Tool and Be an Agent. All the toolkits are available in French and English.
PHB Academy is supporting UNCDF’s MicroLead in releasing a series of Toolkits for Financial Service Providers to succeed in their Digital Journey, with a focus on Financial Institutions in particular. These toolkits capitalize on and complement existing research, publications and documentation and have been developed based on MicroLead and PHB’s experience with over 100 digital financial service implementations.
WHY MicroLead? Over two billion adults still do not have access to financial services. These unbanked populations consist predominantly of women (1.1 billion), and those living in remote rural areas. Impact studies1 consistently show positive economic outcomes for women with access to savings, including increased productivity of rural women, expanded profits, increased investment in their businesses, and expand legal control over their own funds.
Becoming an agent is one of the simpler methods FSPs and MFIs can utilize to enter the digital finance arena. In this model, the FSP acts as an agent for a DFS provider (often an MNO) and offers the provider’s products and services through the FSP’s own branch network.
Learn if becoming an agent is right for your FSP or MFI with this step-by-step guide. Be an Agent,is DFS Toolkit #2 in the MicroLead Series: How to Succeed in Your Digital Journey.
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.
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.