Use of remittances to encourage the unbanked to open accounts—a missed opportunity
The activities of many entrepreneurs in Senegal require financial flexibility that banks and microfinance institutions find difficult to provide. Life would be much easier for people like Abdoulaye, if financial institutions were to partner with money transfer companies to create digital profiles and develop an alternative credit history to extend them credit. Read Abdoulaye’s story.
The role of entrepreneurship in creating job opportunities for the youth
Several challenges often mar the journey to entrepreneurship, especially for the youth. What are these challenges? What possible solutions can be developed to assist the youth to succeed in their ventures? Watch our video for some answers.
Formal financial services, informal workers: How can financial services work for the gig economy?
The informal sector offers abundant opportunities for the youth in Kenya to generate income, though it has its challenges like poor and irregular pay and a host of other challenges. Read more on what can be done for the gig platform economy to offer better working conditions for the informal workers.
Where are the women in the digital credit bandwagon? Lessons from Kenya
This blog sheds light on how women are placed in the digital credit bandwagon in Kenya . Along with highlighting three key insights, the blog also establishes the business case for focusing on women as an important customer segment.
In view of the highly risky nature of saving in the informal sector, it is probably necessary to think more about helping clients understand the relative risk of saving in these semi-formal institutions. It should also be noted that the evidence from this study suggests that poor people do value some form of external accountability.
In this video Jonathan Morduch, co-author of “Portfolios of the Poor” and Professor of Public Policy and Economics at the NYU Wagner Graduate School of Public Service, and Managing Director of the Financial Access Initiative shares his opinion on what the book tells us about reimagining microfinance. He notes the importance of financial diary in […]