The theme of this year’s International Day for the Eradication of Poverty is "Moving from humiliation and exclusion to participation: Ending poverty in all its forms". It reminds us that eradicating poverty remains one of the greatest challenges facing humanity. Globally, 767 million people live on less than $1.90 a day, many lacking access to adequate food, clean drinking water and sanitation. Women are more likely to live in poverty than men due to unequal access to paid work, education, and property.
The grant agreement between the UN Capital Development Fund (UNCDF) and Amret Microfinance Cambodia was publicly signed on the 14th of October 2016, in the presence of representatives from the UN, the Australian Department of Foreign Affairs and Trade (DFAT) and Amret management staff.
A farming household managed by an older woman is typical of farming households who depend for a large part of their income on the sale of crops grown on their own land: incomes and expenditures are ‘lumpy’ compared to those of non-farming families, or of farming families who mostly labor on other people’s land.
As a growing number of solar companies offer the pay-as-you-go (PAYGO) financing model for customers, the solar sector is going digital. Not only are customers paying digitally, but solar companies are building digital back offices. With support from several partners, including UNCDF CleanStart, Kamworks – a solar company that provides solar power to more than 150,000 rural customers in Cambodia – has developed a proprietary PAYGO and Enterprise Resource Planning (ERP) platform.
Some 78 percent of the 200 million young people in sub-Saharan Africa live on less than $2 a day and only 5 percent have access to financial services. With statistics like these, there is no question that youth have become a core concern in many African economies – yet most financial institutions are not equipped to address them as real potential customers. Lack of access to financial resources is a major constraint for youth transitioning from school to work.
The Ministry of Interior (MOI) in collaboration with the Ministry of Finance (MOF), Office of Accountant General, and IMC with the support of UNCDF/JPLG jointly organized a two days pre-discussion review workshop (4-5 September 2016) focusing on FDS (Fiscal Decentralization Strategy Progress, Local Government Financing framework, services deliveries of the CG Ministries, in anticipation of the proposed Government Budget Conference which is due to be held on 11th October, 2016, commenced today at the Ambassador Hotel in Hargeisa.
The World Food Programme (WFP) and the United Nations Capital Development Fund (UNCDF) sign an agreement in an effort to scale up WFP’s assistance to support the local economy in Sierra Leone through innovative cash-based transfers. The partnership will enable WFP to build a robust system for delivering cash transfers to the most vulnerable households.
A simple text message is all it will take Pacific Islanders to sign up to new microinsurance products providing a crucial safety net for families.
BIMA, a world-leading mobile micro-insurance provider, and the Pacific Financial Inclusion Programme (PFIP) have launched their second major joint initiative that will provide microinsurance products to underserved communities across five Pacific Island countries.
Ms. ME makes snacks to sell to schoolchildren. She is 30 years old, a primary school graduate, and has her own mobile phone. When the Diaries study started, she lived with her parents but then her mother passed away and her father went back to their home village. Ms. ME’s brother and his wife, and an aunt, also lived with her and, while her mother was alive, shared the same cooking pot. After her mother’s passing the household divided: Ms. ME and her brother and aunt still eat from the same pot, but the sister-in-law keeps some of her business income separate.
By Ramatolie Saho, Senior Associate, Product Development, Women's World Banking
During Women’s World Banking’s Making Finance Work for Women Summit last November, Chief Product Development Officer Anna Gincherman moderated a conversation with three leading banks to understand how they are reaching underserved market segments, including women and youth, through innovative savings products.