Accelerating access to finance and growth for SMEs in emerging markets is the essence of the partnership between PUM Netherlands senior experts and BiD Network. Working together successfully for over two years in Uganda, nine SMEs have been able to attract investment. This month, both parties agreed to intensify their collaboration by expanding to Rwanda and Kenya.
What is unique about the collaboration between BiD Network and PUM, is that it is now possible to offer entrepreneurs a total package. Of course, the entrepreneur is responsible for his or her own company, but essential knowledge and investments are often unattainable. This collaboration offers entrepreneurs the opportunity to take concrete steps and to contribute to the economic development in their country.
Gert van Veldhuisen, CEO BiD Network: ‘’BiD Network and PUM have many synergies and complement each other in the work they do for entrepreneurs in Africa. Where PUM strengthens the... Read more
Social impact investor Oikocredit continues to surpass the sector average for outreach to female microfinance clients, according to indicators published today in Oikocredit's Social and Environmental Performance Report 2017.
In 2017 almost 90% of clients reached by the microfinance organisations in which Oikocredit invests are women. This compares to an average of 70% for the sector as reported in the latest Symbiotics MIV Survey1, which presents sector data for 2016.
Oikocredit also surpassed the sector average for outreach to female microfinance clients in 2014, 2015 and 2016 when comparing year-on-year with the Symbiotics data for the same period2.
The latest report shows how Oikocredit used over € 980 million to finance almost 750 organisations in 2017, reaching 36 million financial inclusion clients and over half a million farmers.
Oikocredit also saw gains in its renewable energy indi... Read more
The Global SME Finance Awards will recognize outstanding achievements of financial institutions and fintech companies in delivering exceptional products and services to their SME clients.
In the last year, if your institution has successfully launched an innovative product or service for SME clients, achieved remarkable results in providing finance to SMEs, or is an innovator in digital financial services, submit your nomination in these categories (each institution can be considered for up to two categories). Winners will be announced at the Global SME Finance Forum 2018 in Madrid.
- Product Innovation of the Year
- SME Bank of the Year
- Responsible Digital Innovator of the Year
Deadline for submission: 23 July 2018
Reach: What is the number of MSMEs served/financed and volume of fina... Read more
The transition towards a circular economy is expected to generate multiple economic, social and environmental benefits. Financiers play an important role in accelerating this transition by facilitating finance for businesses and projects applying circular economy business models.
In December 2014 the FinanCE working group was founded by PGGM and brought together a group of organizations related to the world of finance that were interested in the transition to a more circular economy. The group was supported by the Ellen MacArthur Foundation.
For this publication the FinanCE members ABN AMRO, ING and Rabobank sought active support and feedback from all FinanCE Working Group Members. The overarching goal is to create and stimulate a common understanding of circular economy finance.
This common understanding will accelerate financing and investing in c... Read more
The e-MFP Summer 2018 Newsletter is now out with:
* Update on the call for applications for the €100,000 European Microfinance Award on Financial Inclusion Through Technology;
* Past Awards revisited;
* Offsite Session - our joint event with the Financial Inclusion Forum UK;
* Save the Date for European Microfinance Week 2018;
* What Role can Microfinance Play in Increasing Access to Affordable Clean Energy?;
* Focus on the Responsible Inclusive Finance Facility in Southeast Asia (RIFF-SEA);
* 100 Smart Certifications - a Milestone for Responsible Inclusive Finance;
* A look at the new study 'Critical Capital for African Agri-food SMEs';
* Updates from our Action Groups
* plus all the latest news and activities from e-MFP and its members complete the edition.
Read the online version here
Read the pdf here
The ILO’s Social Finance Programme is inviting proposals from financial institutions in Indonesia and the Philippines that aim to implement an integrated risk-management solution for low-income households and/or small enterprises. The objective is to test risk-management solutions that combine savings, credit, insurance, and risk prevention. The ILO seeks partners for whom improving customers’ ability to manage risks is a strategic priority and who have the potential to leverage technology to scale the innovations quickly and achieve sustainability, while improving customers and shareholder value.
We are looking for partners that are interested in implementing innovations in the following areas:
* Bundling a range of financial services that improve consumers’ ability to manage risk
* Developing risk management solutions that supplement existing social pro... Read more
Interesting article by CGAP about a recent survey which shows that a/o funders are prioritizing countries where women are more financially excluded and that funder support has not resulted in much progress in addressing the gender gap. And quoting a blog post by Mayada El-Zoghbi suggesting that perhaps the financial inclusion community has prioritized the wrong barriers. Access to credit may be a need for many women, but funders encouraging FSPs to offer this service may just not be the answer. There are other reasons why women remain financially excluded, such as social and cultural norms, as well as policy and regulation. It is perhaps time for funders to also focus on these issues to achieve meaningful progress.
Digital bulk payments have the potential to connect millions of poor farmers to digital financial services. This report from CGAP and UNCDF recounts UNCDF's efforts to digitize payments to coffee farmers in Uganda, where just 29 percent of adults actively used mobile money in 2014. It shares lessons for donors, financial services providers and agricultural firms that are interested in digitizing agricultural value chains.
Digital financial services are transforming the world's financial sectors. At the heart of this transformation is the rise of digital payments services like mobile money, through which nearly any individual or business can send or receive money in real time for almost any purpose and from nearly anywhere in the country - an inclusive payment ecosystem. While much has been written about the success of mobile money in Kenya, little is known about other African countries' experiences. What lessons do these markets hold for other countries seeking to build inclusive payments ecosystems? In a new publication, CGAP follows the journeys of Tanzania, where 60 percent of adults have used mobile money in the past year, and Ghana, which is today one of Africa's fastest growing mobile money markets. READ MORE