March 5, 2015
Last week a coalition of NYC-based nonprofits released a report on the financial status of immigrants in Queens. It’s part of a growing body of research drawing attention to how financial service providers can meet the distinct needs of America’s...
March 3, 2015
Today, the GSMA Mobile Money for the Unbanked (MMU) programme releases its 2014 State of the Industry Report on mobile financial services. Published annually, the report provides industry practitioners with insights into the important developments taking place in mobile money, mobile insurance, mobile savings and mobile credit.
The mobile financial services sector continued to expand in 2014, boosted by the creation of more enabling regulatory frameworks in several markets. With 255...
February 27, 2015
1. Remittances: A number of large banks are no longer operating in certain countries in the global south in response to growing pressure from regulators to comply with rules on anti-money laundering and financing of terrorism. But this movement of "de-banking" means less money in the pockets of families who receive remittances as well as more cash traveling through informal channels. Center for Global Development...
February 25, 2015
In this special edition of The FAIV, we round up some of the best commentary and analysis of the publication of six microcredit evaluations in the January edition of the American Economic Journal: Applied Economics.
On Friday, February 27th, The World Bank will also host a ...
February 20, 2015
1. Informal Finance: FAI's Executive Director Jonathan Morduch discusses what makes informal finance so popular and how financial institutions can respond. NextBillion
2. Cash Transfers: Electronic payments are a fast and effective way to administer cash transfer programs. But what about in failed states, where the lack of infrastructure means driving large piles of cash around to beneficiaries?...
February 18, 2015
Despite the long-awaited publication of six impact evaluations of microcredit, there are still many questions to be answered. But I worry about whether we will ever get answers. I don’t think that anyone involved in the impact evaluations would consider them to be the “final word” but that may be, de facto, what they are.
Back in 2011 the Development Impact blog published a survey of young...
February 13, 2015
February 11, 2015
Financial Access Initiative
In the past, we've talked about what savings groups are and how they work as an effective tool to help poor families build savings and better manage their financial lives. In our latest installment in this series, we explore the idea of incorporating the mechanisms that make savings groups work in products and contexts outside of the group model.
If you liked the video and want to learn more, visit our...
February 9, 2015
In January, the American Economic Journal: Applied Economics published a special issue devoted to impact evaluations of microcredit. You can see an overview and some of my thoughts here (and some other write ups here and...
February 6, 2015
1. Mobile Banking: Rural customers in India rely on local bank agents and business correspondents to open new accounts. But the requirement (and cost incurred) for holding cash to cover withdrawals during busy periods is not worth the banking agents' while. Could mobile money pose a solution? The Economist
2. Microcredit: What...