FULL TITLE:
Process of Designing and Implementing a National Strategy for Financial Inclusion: Challenges and Lessons Learned
ROOM: Aberdare Hall
Translated session: English & French
PANEL:
Chair: Mr. Makarimi Adechoubou, Head of the Regional Office for Southern and East Africa, Inclusive Finance Senior Technical Advisor, United Nations Capital Development Fund (UNCDF), South Africa
Panelist: Ms. Angelique Kantengwa, Senior Director Financial Stability, National Bank of Rwanda, Rwanda
Panelist: Mr. Tafsir Amadou Mbaye, National Director Microfinance, Microfinance Direction Ministry, Senegal
Panelist: Dr. Fodé Ndiaye, Head of the Regional Office West and Central Africa, Inclusive Finance Senior Technical Advisor, United Nations Capital Development Fund (UNCDF), Senegal
FULL TITLE:
What is the Cutting Edge for Microfinance in Rural Areas and Arid and Semi-Arid Land?
ROOM: Tsavo A
Translated session: English & French
PANEL:
Chair: Mr. Wolday Amha, Executive Director, Association of Ethiopian Microfinance Institution (AEMFI), Ethiopia
Panelist: Mr. Issa Barro, Inclusive Finance Specialist, United Nations Capital Development Fund (UNCDF), Senegal
Panelist: Mr. Mwangi Githaiga, Managing Director, Kenya Women Finance Trust (KWFT), Kenya
FULL TITLE:
What is the Cutting Edge for Microfinance in Rural Areas and Arid and Semi-Arid Land?
ROOM: Tsavo A
Translated session: English & French
PANEL:
Chair: Mr. Wolday Amha, Executive Director, Association of Ethiopian Microfinance Institution (AEMFI), Ethiopia
Panelist: Mr. Issa Barro, Inclusive Finance Specialist, United Nations Capital Development Fund (UNCDF), Senegal
Panelist: Mr. Mwangi Githaiga, Managing Director, Kenya Women Finance Trust (KWFT), Kenya
This presentation by Kusumaningtuti Soetiono was made at the High-level Global Symposium on Financial Education: Promoting Long-term Savings and Investments in Korea which explored policies and good practices for supporting long-term savings and investments through financial education and financial consumer protection. Find out more at http://www.oecd.org/daf/fin/financial-education/globalsymposiumonfinancialeducationforlong-termsavingsandinvestments.htm
New Business Modelling to fund development, increase foreign exchange and bridge the gap to the poorer communities in Morocco - This can be a good model for Africa.
Global Financial Development Report 2014 - Financial InclusionWB_Research
As mobile banking and other technological innovations fuel the expansion of financial services in many developing countries, a new World Bank Group report urges policy makers to focus on products that benefit the poor, women and other vulnerable groups the most.
Indian economy segment Is largely informal segment and MSME segment. It’s the backbone of the country. Data shows 65% of urban population and 90% of rural population is engaged in informal segment activities which has hit hard.
The Jordan Competitiveness and Investment project supports the Government of Jordan in strengthening the reform implementation capacity of selected institutions responsible for investment policy, promotion and services.
This presentation by Kusumaningtuti Soetiono was made at the High-level Global Symposium on Financial Education: Promoting Long-term Savings and Investments in Korea which explored policies and good practices for supporting long-term savings and investments through financial education and financial consumer protection. Find out more at http://www.oecd.org/daf/fin/financial-education/globalsymposiumonfinancialeducationforlong-termsavingsandinvestments.htm
New Business Modelling to fund development, increase foreign exchange and bridge the gap to the poorer communities in Morocco - This can be a good model for Africa.
Global Financial Development Report 2014 - Financial InclusionWB_Research
As mobile banking and other technological innovations fuel the expansion of financial services in many developing countries, a new World Bank Group report urges policy makers to focus on products that benefit the poor, women and other vulnerable groups the most.
Indian economy segment Is largely informal segment and MSME segment. It’s the backbone of the country. Data shows 65% of urban population and 90% of rural population is engaged in informal segment activities which has hit hard.
The Jordan Competitiveness and Investment project supports the Government of Jordan in strengthening the reform implementation capacity of selected institutions responsible for investment policy, promotion and services.
Global Atlas for Renewable Energy - application to MauritaniaIRENA Global Atlas
One of the key activities in IRENA is the development of renewable readiness assessments (RRAs). An RRA is a holistic assessment of conditions for renewable energy deployment in a country, and the actions necessary to further improve these conditions. An RRA is a rapid assessment of how a country can increase readiness and overcome the main barriers to the deployment of renewable energy technologies. It covers all services (transport, heat, electricity and motive power), and sources of renewable energy, with countries selecting those of relevance. The RRA comprises a process and a methodology that includes completing a set of templates and a final report. On the occasion of the RRA Mauritania, the Global Atlas was presented, as a potential supplier of data, data infrstructure and education for zoning renewable energy hotspots.
Arusha | Jun-14 | Ewan Bloomfield, Village Level Energy Access in East AfricaSmart Villages
The workshop in Arusha explored the East African/Tanzanian environment for village energy, local case studies, challenges and opportunities, with a view to formulating policy recommendations for policymakers, funders, NGOs and other stakeholders the region. An important part of the workshop, and indeed the whole Smart Villages initiative work programme, was to gather evidence from existing projects that have provided or facilitated sustainable off-grid energy solutions in the developing world.The workshop gathered more than 50 experts, including policymakers, NGOs, off-grid energy entrepreneurs and others to look for solutions to providing energy to villages off the grid.
By Robert Ntamvumba, Samuel Fell
To help collect and distil the knowledge and experience from the last 15 months of engagement in East Africa, a concluding workshop was held in Kigali, Rwanda. The workshop brought together over 40 government representatives and other key stakeholders from across the region to share information on progress and remaining challenges, and to reflect on lessons learned.
More info: http://e4sv.org/events/east-africa-workshop/
Mr. Dennis Monong from the People’s Credit and Finance Corporation puts the role microfinance plays in times of uncertainty in perspective. (Jan 29, PACAP Community Development Fourm - Microfinance Amidst the Global Financial Crisis)
Bank depositors, investors in capital market need to financial planning, framing own budget, horizon of savings, borrowings, investment mantras, financial inclusion, financial products, risk management ,net banking, mobile banking, payment banks to abreast with the developments in financial institutions, products and regulation. Investment awareness should be a part of financial literacy. The depositors and investors should update their domain knowledge, consumer protection measures and tax treatment etc.
ADB's support for Emerging Microinsurance under JFPR9118: “Developing Microin...ICMIF Microinsurance
This presentation was delivered by Mr Hiroyuki Aoki (Senior Financial Sector Specialist-SERD/ SEPF at Asian Development Bank, The Philippines) at the ICMIF-AOA Development Network Seminar (18-20 September 2013; Manila, The Philippines)
The main purpose of the research paper is to demonstrate the effects of Microfinance as a part of Financial Inclusion in India.
Microfinance: One of the Key drivers of Financial Inclusion
Microfinance and the Challenge of Financial Inclusion for Sme’s Development i...IOSRJBM
This paper examined microfinance and the challenge of financial inclusion for SMEs development in Nigeria. The study adopted two separate econometrics models for capturing and testing for significance in the stated objectives between 2005 and 2015. The first model determined whether financial inclusion improve the financial well-being of low-income savers in the study period. The second investigated the impact that micro finance has on the performance of small and medium scale enterprises. Each of the models was subjected to the Ordinary Least Square regression to determine the appropriateness of models estimated. Findings from the empirical results in model one (1) and two (2) indicated relationship between financial inclusion in Nigeria, microfinance, and small business enterprises over 10 years period of study. The study found out that there is a significant relationship between financial inclusion and financial well – being of the low income earners. Empirical finding that examines the relationship between microfinance and small business in Nigeria indicates that there is a negative significant relationship between loan to small enterprises and loan to rural areas in Nigeria in the period under study. The study suggests therefore that financial inclusion will have a positive significant impact on the development of small business if the plan to include everyone works in Nigeria.
This course will inform, engage, and prepare participants who are considering the feasibility and benefits of adding health to microfinance. The training will provide experience-based examples, lessons learned, cost information, and discussion about addressing the link between poverty and ill health without taking MFIs off-track or incurring undue expenses.
This PPT: how Equitas does integrated health and microfinance
This course will inform, engage, and prepare participants who are considering the feasibility and benefits of adding health to microfinance. The training will provide experience-based examples, lessons learned, cost information, and discussion about addressing the link between poverty and ill health without taking MFIs off-track or incurring undue expenses.
This PPT: action planning
This course will inform, engage, and prepare participants who are considering the feasibility and benefits of adding health to microfinance. The training will provide experience-based examples, lessons learned, cost information, and discussion about addressing the link between poverty and ill health without taking MFIs off-track or incurring undue expenses.
This PPT: client testimonies
This course will inform, engage, and prepare participants who are considering the feasibility and benefits of adding health to microfinance. The training will provide experience-based examples, lessons learned, cost information, and discussion about addressing the link between poverty and ill health without taking MFIs off-track or incurring undue expenses.
This PPT: Bandhan's market research
This course will inform, engage, and prepare participants who are considering the feasibility and benefits of adding health to microfinance. The training will provide experience-based examples, lessons learned, cost information, and discussion about addressing the link between poverty and ill health without taking MFIs off-track or incurring undue expenses.
This course will inform, engage, and prepare participants who are considering the feasibility and benefits of adding health to microfinance. The training will provide experience-based examples, lessons learned, cost information, and discussion about addressing the link between poverty and ill health without taking MFIs off-track or incurring undue expenses.
This PPT: intro, objectives, and the agenda
This course will inform, engage, and prepare participants who are considering the feasibility and benefits of adding health to microfinance. The training will provide experience-based examples, lessons learned, cost information, and discussion about addressing the link between poverty and ill health without taking MFIs off-track or incurring undue expenses.
This PPT: intro to integrated health and microfinance
This course will inform, engage, and prepare participants who are considering the feasibility and benefits of adding health to microfinance. The training will provide experience-based examples, lessons learned, cost information, and discussion about addressing the link between poverty and ill health without taking MFIs off-track or incurring undue expenses.
This PPT: how and why to do market research
This one-day workshop will introduce the pathway that financial service providers can take to enhance their social performance management (SPM) practices, using the Universal Standards for Social Performance Management (“Universal Standards”) as a framework for improving practice. Case studies and activities will make the day as interactive as possible. The target audience for this workshop is associations and direct service providers.
The day will start by quickly defining SPM and exploring its importance to an institution’s clients and business. Participants will take a deeper look at the Universal Standards and learn how to use the SPI4 Audit Tool to assess their current level of implementation of the Universal Standards. We will also discuss key resources available to help financial service providers institute changes after they assess themselves.
This course will prepare microfinance practitioners to understand and provide financial and non-financial services to rural and urban youth. The course will introduce participants to best practices for serving youth, help them to understand the differences between rural and urban youth financial service provision, and detail specific products and service delivery models. To ground the information in concrete examples, the training will also involve a live case study component, where participants will be able to engage with representatives of financial institutions in the MENA region that are currently offering financial services to youth.
You have helped your clients see themselves and their families in a new light as economic actors. You can do the same for their lives as civic actors. The nations of the world have agreed to the Sustainable Development Goals, goals such as eradicating extreme poverty, eliminating preventable child deaths, and ensuring all children complete secondary school all by 2030. In this training you will learn how to empower your clients to use their voices as citizens on issues that matter in their lives, the lives of community members, and across their nation. By helping clients influence village leaders and members of Parliament through advocacy, we will make the SDGs real.
G.R. Chintala, NABARD, Bangladesh, Partnerships that Build Bridges to New Fro...
AMERMS Workshop 25. Designing and Implementing a National Strategy for Financial Inclusion (PPT by Angelique Kantengwa)
1. PROCESS OF ESTABLISHING A FINANCIAL INCLUSION PROGRAM IN RWANDA Kantengwa Angelique Senior Director Financial Stability National Bank of Rwanda 1 The Micro credit summit -Nairobi 7th to 10th April 2010
19. Government of Rwanda launched the FSDP as a comprehensive reform agenda3 ASSESSMENT OF THE SITUATION IN RWANDA (FSAP 2005 and Finscope 2008) The Micro credit summit -Nairobi 7th to 10th April 2010
20. Financial Access, Percent of Adult Population. 4 BANKING AND ACCESS TO CREDITAccess indicators (Source: FinScope Rwanda 2008) The Micro credit summit -Nairobi 7th to 10th April 2010
21. The figure places the Rwandan “access strand” in a regional comparison with other African countries for which similar FinScope surveys have been undertaken 5 ACCESS INDICATORS (continued) Source: FinScope Rwanda 2008 The Micro credit summit -Nairobi 7th to 10th April 2010
27. Expansion of banks branch networks particularly in rural areas Promotion of microfinance institution and building rural cooperative structures Domestic savings mobilization- expanding access to formal financial services to the population Payment system modernization-mobile banking, agent banking,… Establish programs of financial literacy 7 FINANCIAL INCLUSION- HOW TO? The Micro credit summit -Nairobi 7th to 10th April 2010
28. Government: creating a favourable environment without being a provider:; fiscal incentives; promoting financial literacy and financial culture; Central Bank :designing the strategy without being a promoter. legal and regulatory framework. BNR support the strategy by proposing laws encouraging the promotion of financial inclusion and encouraging viable and sustainable financial institutions. Financial institutions including MFIs: clients oriented businesses; Investors and donors: to invest in activities which promote financial inclusion and to support the strategy by participating on the roundtable; Beneficiaries: awareness of the role of savings; repayment of loans; bankable projects; 8 INSTITUTIONAL FRAMEWORK The Micro credit summit -Nairobi 7th to 10th April 2010
29. At macro level: Rwanda has put in place an adapted legal and regulatory framework; The Government has adopted a microfinance policy to facilitate broader and deeper access to financial services. At meso level : Gvt mobilise funding via the donor community (UNCDF, DFID,..) and its own budget to improve financial market infrastructure and support services to provide more effective pro-rural, poor and MSMEs financial services in the country At micro level : AMIR is giving support (training, TA,…) to financial institutions retail capacity to offer financial services tailored to the needs and preferences of their clients BNR support the promotion of strategic alliances between traditional financial institutions and MFIs 9 MOBILIZING RESOURCES The Micro credit summit -Nairobi 7th to 10th April 2010
39. Reduce the interest rate spread through the reduction of the financial risk premium overtime10 BANKING AND ACCESS TO CREDIT The Micro credit summit -Nairobi 7th to 10th April 2010
47. Making operational the National Microfinance Consultative Committee (NMCC) to coordinate the industry development 11 FINANCIAL INCLUSION AND ACCESS TO CREDIT -MICROFINANCE The Micro credit summit -Nairobi 7th to 10th April 2010
59. Set tax incentives to encourage the development of private pension schemes.13 CONTRACTUAL SAVINGS -PENSION SECTOR The Micro credit summit -Nairobi 7th to 10th April 2010
60. Vision = Changing the Rwandan society from cash-based oriented to one using modern means of cash-less payments by encouraging the usage of non-cash payment instruments. KEY CHALLENGES Setting modern payment system is very costly and Banks are reluctant to invest Connectivity and reliability of the network A pricing structure with very high prices In general shifting from cash and paper takes awhile amongst the population STRATEGIES Developing a Card based Payment system A strong awareness campaign Implementation of the RIPPS (March 2010 to March 2011) 14 PAYMENT SYSTEMS The Micro credit summit -Nairobi 7th to 10th April 2010
61. Thankyou for your attention Questions? 15 The Micro credit summit -Nairobi 7th to 10th April 2010