India’s new financial infrastructure could connect hundreds of millions of people to financial services, but at its core is a biometric ID system that has stirred controversy around data privacy and security. What are the risks, and what can be done to minimize them?
Today, some 25 million Bangladeshis borrow from microfinance institutions. Financial diaries from central Bangladesh show how poor people are using their loans, from coping with emergencies to on-lending to others.
There are an estimated 1.2 billion young people around the world between the ages of 15-24, with the vast majority living in developing countries. Whether countries are able to harness the potential of the vast numbers of youth in their economies will depend in part on how they manage the individual transitions that youth make in their lives.
CGAP staff document a field visit to the Peru Graduation Pilot, where several communities outside of Cusco are participating in a project to understand how safety nets, livelihoods and access to finance can help the poorest graduate from extreme poverty.
The Center for Financial Inclusion at Accion has created the Financial Inclusion 2020 Campaign, which aims to build a movement that mobilizes stakeholders around the globe to achieve full inclusion by the year 2020.
The pressure and distraction of living in scarcity - constantly having too little and constantly worrying about making day-to-day ends meet - ultimately affects poor people's decision-making abilities. Evidence suggests that this "scarcity" framework has serious implications for financial inclusion, especially regarding the uptake of new products and services.
For smallholder farms, expenses come early in the season before the planting while income arrives only several months later with the harvest. How, then, can these farmers access the cash they need to plant their crops and, more importantly, to survive between harvests?