WHAT DO WE KNOW ABOUT THE IMPACT OF FINANCIAL INCLUSION?
At CGAP, we revisited the evidence on how access and use of financial services affects the life of the poor. The result is a paper proposing that the accumulating body of evidence supports policy makers’ assessments that developing inclusive financial systems is an important component for economic and social progress on the development agenda.
THE IMPACT OF INCLUSION: CGAP REPORT LOOKS AT RECENT EVIDENCE OF HOW FINANCIAL INCLUSION CAN HELP THE POOR
My interview on the impact of financial inclusion with NextBillion.
HOW CAN WE MAKE MICROFINANCE WORK FOR THE EXTREME POOR? BY LINKING SOCIAL SAFETY NETS AND FINANCIAL INCLUSION
With a few notable exceptions, both microfinance and livelihoods programs typically do not reach the extreme poor. Interventions that do manage to make this oft-invisible population visible, however, can have lasting impact.
One such program was pioneered by BRAC in Bangladesh. Their “Targeting the Ultra Poor” program proved to help families move, or “graduate,” from extreme poverty into food security and sustainable livelihoods. Its success prompted CGAP to study and write extensively about the approach and how it might be adopted in other parts of the world.
This is a CGAP blog post on the graduation pilot in Peru, which I managed.
How can we provide true customer service to low income clients? This blog post and paper are looking into Juntos, a Silicon Valley start up, that enables banks to talk to their customers in a highly personalized, yet cost efficient way.
The last 15 years have been a roller coaster ride for Financial Inclusion, or Microfinance as many might call it. From being the silver bullet to ending poverty, nobel price and lots of hype to being a "death trap" for some of the poor, financial inclusion was subject to intense discussion.
However, few would argue that access to responsible financial services isn't an important prerequisite for a successful every day life, even for achieving our goals and dreams. Savings accounts that enable us putting money aside for health emergencies.... for paying school fees.... Health insurance... Access to credit when money is needed most.
Let's shift the discussion to finding out and promoting how to make finance work - not only for the poor but for all of us. My projects with CGAP and the World Bank, hopefully, contribute to improving financial services to make it a true enable for development.
Brief Series for Agrifin/The World Bank
CREDIT GUARANTEE SCHEMES FOR AGRICULTURAL DEVELOPMENT
It describes what credit guarantees are, how they work, and showcases examples of how credit guarantees can help provide finance for farmers and agribusinesses in developing countries.
INPUT SUPPLY FINANCE
This brief considers the challenges faced by commercial banks in providing smallholder farmers with seasonal input financing, a range of potential approaches to overcoming such challenges, and showcases successful examples from around the world.
AGRICULTURAL EXPORT FINANCING TOOLS
This brief provides an overview of existing agricultural export financing tools available for agribusinesses and exporters to expand their businesses. Some tools are especially interesting for small and medium enterprises (SMEs) in the agriculture sector who face additional barriers to their counterparts in developed countries, including heightened perceptions of lack of creditworthiness and a lack of availability of longer term capital.
This brief provides an overview of warehouse financing – comparing formal Warehouse Receipt Systems against Collateral Management Systems. It considers how each operates, their respective benefits, limitations and risks, with one illustrative case study providing an example of practical applications in developing countries.
My work with the World Bank
FINANCING FOR DEVELOPMENT
With my background as a economist, banker and philosopher, I focus on how to design and operate financial systems that are inclusive and enable equality and prosperity for all. It's still a long way to go but promising initiatives do exist.