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> Posted by Center Staff
This edition of top picks features posts on how to effectively deploy new technologies to the base of the pyramid, the increasing prominence of mobile savings and credit services, and the growing potential for impact investing in microinsurance.
How can innovative technologies be distributed and adopted at scale in the last mile? Tomohiro Hamakawa of Kopernik addresses this question in a new post on Next Billion. Drawing from a recent Kopernik report, Hamakawa expounds on five key factors to serve as guiding principles in the roll-out of empowering technologies to the BoP: activating a local network of trust; lowering financial barriers; riding the technology adoption wave; focusing on tangible benefits; and staying engaged, showing commitment.
> Posted by Joshua Goldstein, Principal Director for Economic Citizenship & Disability Inclusion, CFI
I spent the first two hours of the conference in a speed dating exercise called First Connections, where delegates had five minutes to give each other their elevator pitches before moving chairs to meet the next delegate. I recognize that common perceptions of this sort of activity perceive it as always awkward and often a waste of time. In this case, however, my speed dating was at the annual Skoll World Forum, and its value was indicative of the diverse connections needed to solve the complex challenges of my work on disability inclusion, and of those attending the Forum.
The Skoll World Forum, held in Oxford, England, brings together social entrepreneurs, as well as funders, politicians, media, and others who, in Founder Jeff Skoll’s words, are committed to “solving the world’s most pressing problems.” I was lucky enough to be invited to participate in the 11th annual Forum, based on my contribution to a global civil rights struggle to end discrimination against persons with disabilities. My scope of work within this ambitious movement has been developing a set of tools and trainings with my colleagues at the Center for Financial Inclusion to make microfinance institutions and other financial service providers disability inclusive. Along with facilitating the industry’s integration of these tools and trainings, we’re working with in-country stakeholders to develop disability inclusion plans in Ecuador, India, Paraguay, and elsewhere. But achieving disability inclusion in financial services requires more than financial services providers. It also requires the involvement of technology providers, telcos, government officials, educators, community groups, and other actors.
Over 1,000 people from 60 countries gathered to share their ideas and innovations at Skoll. The hope of event organizers is that such a high-level convening of disparate leaders will produce new collaborations and lead to new innovations. And when I say disparate, I mean disparate. I crossed paths with Eli Williamson, Co-Founder of Leave No Veteran Behind, an organization providing educational and employment assistance to veterans facing hardship, as well as Chris Underhill, MBE, Founder of the global mental health organization Basic Needs, and Mabel van Oranje, Chair of Girls Not Brides, which combats child marriage.
> Posted by Center Staff
This edition of top picks features posts that spotlight green loans reducing energy poverty, savings and loans to improve the vulnerability of microbusinesses, and factors driving uptake of mobile insurance services.
In celebration of Earth Day, the Kiva Blog took the opportunity to share their work on green loans. These loans to individuals and small business owners help with the high upfront costs of clean energy technology. Globally, 1.3 billion people live in energy poverty – without access to modern energy services. Green loans support healthy and environmentally friendly energy switches, like from kerosene to solar lighting. Kerosene lighting produces black carbon or soot which is harmful to breath and also a greenhouse gas. Kiva has facilitated the funding of 39,000 green loans.
> Posted by Jeffrey Riecke, Communications Associate, CFI
As you’re here on the CFI Blog, you’re likely familiar with microfinance. But was this the case back when you were in school? It’s April, which means we’re amidst the Month of Microfinance (MoMF), a student-led movement spotlighting microfinance and bridging the gap between students and the sector. This year’s MoMF spans activities engaging students, MFIs, and key industry players, including Kiva, the SEEP Network, and Truelift, supporting access to quality financial services for all and engaging the next generation of microfinance professionals.
Microfinance is increasingly taught in schools, but not everyone has access to a course. The Month of Microfinance offers students a platform to learn about the industry and in turn easily spread the word through their networks. For students looking to organize activities on campus, the MoMF team provides the resources to screen a movie, set-up informative displays, organize fundraisers, and spearhead guest speaker events. A number of MoMF contests conducive to online media conversation are underway. Kiva U, Citi Microfinance, and AboutMicrofinance are hosting a student video competition and an essay competition prompting participants to explore the topics of poverty alleviation, profit management, technology innovation, and gender equality.
> Posted by Jeffrey Riecke, Communications Assistant, CFI
For many of us in the U.S., it’s largely happenstance that we cross paths with the topics of microfinance and financial inclusion in a meaningful way. Personally, I remember first hearing about microfinance from friends during college, but it was always in passing, never to the extent or specificity needed for it to make a lasting impression on me. I wish this wasn’t the case! I wish my college self, and all students for that matter, had more exposure to these areas.
To help students and the U.S. academic community engage with microfinance and financial inclusion, Citi Microfinance and Kiva have teamed up to launch Kiva U. The mission of Kiva U, built around three core initiatives, is to create a community for our future inclusion leaders and to support the expansion of full financial inclusion. There’s a big opportunity in the combination of modern communications technology and academia’s inherently social environment, though few interactive financial inclusion platforms for students and educators exist. Kiva U aims to gain popularity as such a platform.
The three core initiatives of Kiva U are expand campus-based microfinance clubs, develop classroom-based microfinance and financial inclusion curriculum for all learning levels, and foster leadership among students interested in social enterprise, international development, and financial inclusion.
There are currently Kiva clubs at 67 colleges and 60 high schools in the United States. Providing online and offline engagement tools, Kiva U plans to leverage this foundation and connect with additional students and educators throughout the country’s academic community.
> Posted by JD Bergeron, Kiva Sr. Director of Social Performance and Alyssa McGarry, Kiva Community Outreach Team
Kiva prides itself on its ability to provide financial services to low-income individuals and those who do not have access to typical banking services. We strive to impact the most vulnerable, and our model allows us to focus attention on groups and individuals that might not be served otherwise. One group that are typically among the most marginalized are people with disabilities. Kiva acknowledges that people with disabilities exist in all cultures of the world and we are proud that our community is taking strides to better support them.
The Kiva community recognizes that disabilities need not limit one’s desire or ability to hold a job, impact the community, or become financially independent. Kiva and our Field Partners support entrepreneurial spirit. We embrace a world where all people – even in the most remote areas of the globe – hold the power to create opportunity for themselves and others.
Kiva Lending Teams Focused on Disabilities
Kiva’s community has already formed a number of Lending Teams that give loans primarily to people with disabilities and their families. The largest is KivaFriends – Disabled Persons . This group has 100 members and has lent a combined $29,700, with an impressive 11.7 loans on average per member. KivaFriends – Disabled Persons is a community of people interested in making a difference for entrepreneurs and families who are affected by illness or physical, intellectual, or psychiatric disability. They also support caregivers and entrepreneurs involved in the medical profession. Read the rest of this entry »