Blog

Digital Credit Helping to Put Kids in Classrooms in Cote d'Ivoire

By partnering with farmers’ cooperatives to offer an innovative digital credit product, Advans is seeing high repayment rates and having an impact on school attendance in rural Cote d'Ivoire.
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Financial Innumeracy: A Global Problem for Digital Finance?

Mounting evidence suggests financial innumeracy presents a bigger barrier to financial inclusion than is often acknowledged. Here are three ways to improve numeracy.
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Building Rural Digital Ecosystems, One Small Payment at a Time

New research shows that digitizing everyday payments as person-to-person transfers can be a sustainable way for providers to reach customers in rural areas.
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In Côte d'Ivoire, Financial Inclusion at a Crossroads

Mobile money is driving overall progress in financial inclusion in Côte d’Ivoire, but it’s also highlighting a digital divide that could leave excluded segments behind if not dealt with through smart policy.
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Building Rural Digital Ecosystems: A New Role for Agribusinesses?

Bringing digital finance to the rural poor will require financial services providers to work more creatively with agribusinesses that have extensive experience serving last-mile clients.
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Better Regulations Can Spur Agent Banking in WAEMU

Regulations in the West African Economic and Monetary Union have enabled mobile money providers to double their agent networks since 2014, while restricting banks and microfinance institutions. Better regulations would create a level playing field and expand financial inclusion.
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Digital Finance in WAEMU: What’s New?

CGAP recently interviewed representatives of 100+ organizations in Benin, Côte d’Ivoire, Senegal, Mali and Niger to better understand the market system for digital financial services in the West African Economic and Monetary Union (WAEMU). What have we learned?
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Future of Mobile Money for Cocoa Farmers in Côte d’Ivoire, Ghana

New research from the World Cocoa Foundation explores the potential of mobile money to enhance cocoa farmers’ livelihoods in Côte d’Ivoire and Ghana and paints a detailed persona of customers at the frontier of widespread adoption.
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Digital Financial Services for Cocoa Farmers in Côte d’Ivoire

Smallholder farmers are largely unable to access formal financial institutions. Over the past 22 months, a pilot project implemented by Advans Côte d’Ivoire strove to link cocoa farmers to financial institutions by transitioning from cash to digital payments, with promising results.
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Insights on Inactivity of Mobile Money Accounts in Côte d’Ivoire

Côte d’Ivoire is one of the most vibrant digital financial services markets in West Africa. But why do so many customers remain inactive?
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3 Insights on Customer Empowerment from Côte d’Ivoire

In Côte d’Ivoire, societal values and personal relationships have a high degree of influence over how people choose financial service providers.
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Cocoa Producers in Côte d’Ivoire: Cash vs. Digital

Branchless banking presents an enormous opportunity for smallholder cocoa producers in Côte d’Ivoire, a client segment that contributes to up to 10% of the countries GDP.
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Agent Network Expansion: What Can We Learn from Cote d’Ivoire?

The mobile money market in Cote d’Ivoire has boasted impressive acceleration in terms of registered customers, but the number of transaction points in the distribution networks has also seen tremendous growth.
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Digital Finance in Cote d’Ivoire: Ready, Set, Go!

On the surface, Cote d’Ivoire may seem like an unlikely contender to challenge the digital financial success in East Africa. However, the country has great potential to be the next digital finance success story.
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Is Digital Finance Hitting its Stride in WAEMU?

Digital finance is advancing in WAEMU, but within the region there are eight countries all with unique markets facing disparate challenges. When it comes to mobile money and financial inclusion, the question for some is "where do you start?"
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Learning from Smallholder Supply Chains in Côte d’Ivoire

IFC and Ecom, a global commodity trading company, interviewed more than 2,000 cocoa farmers in Côte d’Ivoire about their income levels, food security, and other qualitative aspects of their farming lives. The results highlight some key challenges facing smallholder farmers.
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Savers Deserve More Attention and Protection

Access to finance in the West African Economic Monetary Union and Economic and Monetary Community of Central Africa grew significantly from 2001 to 2011. However, more attention must be paid to savings and savers.
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How do Low-Income People in Cote d’Ivoire Manage their Money?

A survey of 1,000 low-income people in Côte d'Ivoire revealed interesting patterns around how Ivorians manage and approach money.
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Mobile Money: Even Data Analytics Has Limitations

While quantitative data analysis is a useful first step in understanding active mobile customers, it is even more insightful when providers actually go and talk with their customers directly.
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Deepening Financial Inclusion In West Africa

A few weeks ago the Central Bank of the eight countries of the West Africa Economic and Monetary Union (WAEMU), BCEAO, shared the good news that in the last five years the banked population in the region increased by more than 5% from 9% in 2006 to 14.3% at the end of 2011. Postal banks and microfinance institutions that have a specific legal status in the region are now serving close to 9% of the population. The other 5% is served by commercial banks.