Truelift, an initiative that recognises institutions that exhibit commitment to the “pro-poor objective of microfinance,” has announced an updated version of its Truelift Indicators Tool, a set of criteria intended to assess how much microfinance institutions (MFIs) meet the needs of low-income people .
“Report of the Committee on Comprehensive Financial Services for Small Businesses and Low Income Households;” published by the Reserve Bank of India (RBI); December 31, 2013; 247 pages; available at http://rbidocs.rbi.org.in/rdocs/PublicationReport/Pdfs/CFS070114RFL.pdf
This report was authored by the Committee on Comprehensive Financial Services for Small Businesses and Low Income Households, which was appointed by the Reserve Bank of India (RBI) in September 2013 to propose measures for increasing access to financial services in India.
“Research on Women and Usability of Mobile Financial Services in Uganda;” published by Grameen Foundation; February 2014; 40 pages; available at http://www.grameenfoundation.org/resource/use-mobile-financial-services-among-poor-women
This presentation gives an overview of the Uganda-specific results of a series of studies undertaken by the US-based nonprofit Grameen Foundation with the goal of understanding how mobile-phone usability, or lack thereof, impacts the ability of poor women to access mobile financial services in India, the Philippines and Uganda.
In an effort to promote financing to self-employed entrepreneurs and micro- and small enterprises (MSEs) in emerging economies, Entrepreneurial Finance Lab (EFL), a US-based company, is employing psychometric analyses to assess the creditworthiness of loan applicants.
A number of startup companies are employing analytical techniques based on “big data” to interpret the mobile phone usage of poor people to assess the creditworthiness of those applying for loans in developing economies.
Millicom International Cellular, a Luxembourg-based telecommunications company also known as Tigo, recently introduced a cross-border mobile money transfer service between Rwanda and Tanzania that includes currency conversion.
MicroPlace, a US-based facilitator of investments in international microfinance and subsidiary of online auctioneer eBay, recently announced that it will no longer offer investment opportunities.
“Using Subsidies for Inclusive Insurance: Lessons from Agriculture and Health;” by Ruth Vargas Hill, Gissele Gajate-Garrido, Caroline Phily, and Aparna Dalal; published by International Labour Organization; January 2014; 55 pages; available at http://www.microinsurancefacility.org/publications/mp29
This report was published by the Microinsurance Innovation Facility, a nonprofit research institution housed within the UN’s International Labour Organization (ILO) that promotes the development of insurance products and risk-mitigation markets in developing economies.
Orange Dominicana, subsidiary of Orange of France that offers prepaid mobile services in the Dominican Republic, and Banco Popular Dominicano, a commercial bank in the Dominican Republic, reportedly have launched the M-Peso mobile wallet and payment service in the Dominican Republic.
“CRISIL Inclusix: An index to measure India’s progress on Financial Inclusion;” published by Credit Rating Information Services of India Limited (CRISIL); June 2013; 101 pages; available at http://crisil.com/pdf/corporate/CRISIL-Inclusix.pdf
Based on data from 2009 through 2011, this report gives an overview of the findings of the CRISIL Inclusix index, an analytical tool designed by Credit Rating Information Services of India Limited (CRISIL) to measure progress in financial inclusion in India at the national, regional, state and district levels.
The Inter-American Development Bank (IDB), a US-based multilateral financial institution that seeks to support sustainable economic growth in Latin America and the Caribbean countries, has partnered with MasterCard Incorporated, a US-based payments and technology company with operations in 210 countries and territories, to expand electronic payment systems in Latin America and the Caribbean (LAC) .
Khushhali Bank, a microfinance institution (MFI) in Pakistan, has signed an agreement with Smart and Renewable Energy Solutions (SRE Solutions), a Pakistan-based firm that offers solar energy products, to provide financing for “Solar Magic Box,” a device manufactured and sold by SRE Solutions that generates electricity from the sun .
Myanmar Mobile Money, a Myanmar-based subsidiary of France-based Oberthur Technologies, recently partnered with Mobilemate Telecommunications, a Singapore-based company, to launch mobile money services in Myanmar.
The Bank of Uganda (BoU), the country’s central bank, has issued a set of mobile money guidelines aimed at regulating mobile money services in the country .
“Microcredit Interest Rates and Their Determinants 2004-2011;” by Richard Rosenberg, Scott Gaul, William Ford and Olga Tomilova; published by CGAP (Consultative Group to Assist the Poor); June 2013; 32 pages; available at http://www.cgap.org/sites/default/files/Forum-Microcredit-Interest-Rates-and-Their-Determinants-June-2013_1.pdf
This study explores the factors affecting the determination of interest rates that microfinance institutions (MFIs) charge their customers by analyzing financial data reported from 2004 to 2011 by MFIs to the Microfinance Information Exchange (MIX), a US-based nonprofit data provider.
The Indian postal department, India Post, reportedly is partnering with Bharat Sanchar Nigam Limited (BSNL), a telecommunications company owned by the Indian government, to provide instant money transfers through cellular phones.
Internet companies in China reportedly are increasing financial inclusion through services such as Yu’e Bao, an online savings and investment product of e-commerce player Alibaba Group, and Baifa, an online “wealth management” product launched by search engine Baidu .
“AMK Cambodia – Have AMK loans helped its clients improve their overall wellbeing?”, published by Angkor Mikroheranhvatho Kampuchea (AMK); January 2014; 12 pages; available at https://www.incofin.com/sites/default/files/attachments/newsitems/Change%20Study_AMK_2014.pdf
This report explores the results of a five-year study of the effectiveness of Angkor Mikroheranhvatho Kampuchea (AMK), a Cambodian microfinance institution, in helping increase its clients’ livelihoods through microcredit services.