Whether it is digital payments, resilience for MSMEs or financial integrity, much of our work is underpinned by the desire to create more inclusive financial systems and services. Cenfri has successfully implemented several multi-year financial inclusion programmes:
Our view is that while financial inclusion targets (such as the percentage of adults with a bank account) are valid, they don’t tell you much when tracked in isolation. It is important to understand whether people use their financial services, and if so, whether this enables them to meet their needs. We have developed six financial inclusion measurement frameworks that outline this expanded understanding of financial inclusion.
We are aware of the importance of women’s financial inclusion and apply a gender lens to much of our work.
Financial inclusion has evolved from a grass-root microfinance movement in the 1980s to a mainstream item on the development agenda. Its increasing prominence is attested, amongst others, by the formation of the G20 Global Partnership for Financial Inclusion (GPFI), the recognition of financial inclusion in the Sustainable Development Goals and
Will CBDC solve your financial inclusion woes or further exclude the vulnerable? Central bank-backed digital currency (CBDC) may alleviate financial exclusion barriers, but it comes with risks. Given some of the shortcomings of digital financial services in reaching financially excluded populations, central banks in developing and emerging markets have increasingly
Alternative data sources and analytical methodologies. The focus of this note is on the increasing adoption by the private sector of alternative data sources and analytical methodologies for financial service provision. It highlights the major trends that are contributing to this increasing adoption and their relevance for financial inclusion. insight2impact
Central Bank of Nigeria.
Richard Yego from Airtel Uganda on knowledge sharing and best practice.
Exploring the disconnect between providers and consumers of savings products in Zambia “Yes, I do save. I have a bank account in Kabwe, two hours away.” “Why so far away when there are banks here in Chisamba?” “It keeps me disciplined! I know that if I have to travel two
Thoughts from the first event in the #DataHacks4FI meet-up series in Nairobi In Kenya, agriculture is the second largest contributor to GDP and the largest supporter of livelihoods. 75% of the labour force in Kenya is employed in agriculture and 33% of all adults derive their main source of income
Building mutually beneficial financial inclusion communities through data The first language that l was exposed to as a child was Sotho/Tswana. My maternal grandfather had this saying as one of his favourites, “Noka etlatswa ke dinokana”, meaning “a river gets full through its tributaries for it to flow yearlong”. This
The business of insurance is hard. Microinsurance delivery has proven to be nearly impossible. Despite almost two decades of focus on the under and uninsured, microinsurance reaches just under 300 million people across the developing world. This is only around 10% of the potential market for insurance. While promising examples
The 2017 budget, unveiled by the Minister of Finance Honourable Felix Mutati in Zambia earlier this month incorporates new austerity measures but has incorporated significant increases in social welfare benefits. . However, restricted liquidity conditions in the Zambian economy have significantly impacted access to capital and finance, hindering the expansion
Your alarm goes off. It’s 3am on the last Friday of the month. You don’t hesitate to get out of bed. You know you need to get to the local office of the South Africa Social Security Agency (SASSA) to get in the queue to get your pension. You’re anxious.
