MFIs have been central to expanding financial inclusion, creating an opportunity for the rural population and women to enter the financial sector. Further, MFIs enable many poor clients to manage emergencies, raise their incomes and improve living standards. But there is still far to go. According to Global Findex data, financial exclusion affects a particularly high proportion of women, young people and people living in rural areas. While the advantages of digital transformation for MFIs are set to be numerous, MicroSave takes stock on how ecosystem issues fail rural FIs to promote digital financial services.
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Financing Smallholder Farmers in the Digital Age: Lesson Across Africa
There are 570 million smallholder farmer households in the world. Of these smallholder farmer households, 270 million remain financially excluded. In Sub-Saharan Africa, only about 10 percent of banks provide financing to smallholder farmers. In attempting to answer the question of why the supply for financing is very low in Sub-Sahara Africa, this brief provides an overview of the capacity, operational and product-related lessons learnt by MicroSave in supporting financial service providers in Africa.
Overcoming Barriers of Financing Agribusinesses in East Africa-2
East Africa has been termed as one of the fastest growing trading blocks in the world. It’s increasingly becoming important to support the development/growth of Agri-SME’s in Eastern African.
Drones Providing Confidence in Smallholder Agriculture Finance-1
Smallholder farmers account for 80% of agriculture production in Eastern Africa. Access to credit remains the biggest barrier to the sustainability of smallholder farmers.
Drones Providing Confidence in Smallholder Agriculture Finance-2
Smallholder farmers account for 80% of agriculture production in Eastern Africa. Access to credit remains the biggest barrier to the sustainability of smallholder farmers.
Overcoming Barriers of Financing Agri Business In East Africa-1
East Africa has been termed as one of the fastest growing trading blocks in the world. Agriculture plays a key role in this region as it contributes to about 25-40% in each of the Eastern African economy GDP.