Many of Nigeria's 18 million smallholders limit investment in their farms because they do not have insurance to protect them against bad harvests. CGAP and Pula Advisors are exploring how satellite data could make it cheaper and easier to provide these farmers with insurance, giving them the confidence they need to invest in the future.
Carolina Trivelli, an economist specializing in financial inclusion and the former Minister of Development and Social Inclusion in Peru, was elected chair of the Executive Committee for CGAP at its annual meeting.
No matter how well designed the technology, interoperability in digital financial services will not reach its full potential unless the right business structure and incentives are in place, CGAP found in a new report.
CGAP, in collaboration with the Financial Sector Deepening Trust (FSDT), has launched the results of a nationally representative survey detailing how smallholder households in Tanzania manage their unpredictable income and financial challenges.