You are currently browsing the tag archive for the ‘Good Return’ tag.

> Posted by Robyn Robertson, Training and Capability Development Lead, Good Return

#483473197 / gettyimages.com

Disruption and breakthrough innovation often comes from huge need, unmet latent demand, and not enough resources for traditional solutions to work!

The financial inclusion space is changing rapidly in Cambodia. Competition is intense, with 36 commercial banks, 11 specialized banks, 38 microfinance institutions, and over 400 NGOs currently applying for financing licenses. As this congested sector moves forward, catering to an increasingly digitally connected and aspirational market, the population is offered a sprawling range of new money management and credit options.

As consumer credit and digital financial products become more accessible in Cambodia, there is increasing risk that Cambodia’s youth (who represent newer and less experienced consumers) and the very poor (who are more vulnerable to economic shocks) can be harmed through becoming over-indebted, falling victim to scams, predatory pricing or poorly suited financial products.

For services perceived to be ‘essential,’ such is the case with financial services, the potential for consumer dissatisfaction is great if there is a gap between what consumers expect and what they experience or observe.

Read the rest of this entry »

> Posted by Jessie Fisher and Robyn Robertson, Good Return

Globally 1.2 billion people live in extreme poverty, with women and girls disproportionately affected. Increasing access to technology creates opportunities in education, expanded informational resources, employment, entrepreneurship, and financial services – all of which can help break the cycle of poverty.

These are not new or debated ideas. However, in the realm of financial services, in order to harness advancements in technology and achieve greater and more meaningful inclusion of women, we still need to better understand their preferences and behaviors and the social context they inhabit.

This is where quality gender-based data, which has almost entirely been lacking in financial inclusion, plays a key role.

For example, to ensure we understand a new market, we must ask ourselves questions like: Have we invested the time and resources needed to meaningfully engage with both men and women? Have we considered the time needed to build trust in these communities (especially if they have had disappointing experiences with other organizations in the past)?

Satisfying such considerations isn’t simple or easy. We may also need to travel further to reach women clients, and provide safe spaces for them to speak openly about their lives and the things they would like to change.

Read the rest of this entry »

Enter your email

Join 1,561 other followers

Financial Inclusion 2020 News Feed

Each week the FI2020 team at CFI highlights compelling stories and content on all things financial inclusion from across the web. Click here to visit the news feed.

Visit the CFI Website

Twitter Updates

  • MFIs don’t have approp rescheduling policies; this is area that needs more work/consistency #InclusiveFinanceIndia https://t.co/iXCFappg6D 1 day ago
  • "Certification represents an org’s commitment that they don’t just sign codes of conduct but also implement them." https://t.co/F36xgp0Egk 1 day ago
  • Start w/ a social strategy. What is the ∆ you want to see? Manage every part of org towards these goals. -Leah Wardle #InclusiveFinanceIndia 1 day ago
  • Small fin & payment banks will dramatically change Indian landscape over next few years. --Manoj Nambiar @MFIN_India #InclusiveFinanceIndia 1 day ago

Archives

Founding Sponsor


Credit Suisse is a founding sponsor of the Center for Financial Inclusion. The Credit Suisse Group Foundation looks to its philanthropic partners to foster research, innovation and constructive dialogue in order to spread best practices and develop new solutions for financial inclusion.

Note

The views and opinions expressed on this blog, except where otherwise noted, are those of the authors and guest bloggers and do not necessarily reflect the views of the Center for Financial Inclusion or its affiliates.
Follow

Get every new post delivered to your Inbox.

Join 1,561 other followers

Build a website with WordPress.com