News

News

Wed, 06/21/2017
Vientiane, LAO PDR

There is an old Lao saying, ‘If you don’t go out of the village, you will not see the land far away; if you don’t go study, you will not have any knowledge.’ It is still commonly used in the Lao People's Democratic Republic (Lao PDR)—a country with a surge in demand for education, with 78% of youth enrolled in lower secondary education[1] while 56% of adults have primary education or less[2] (see the figure for more detail).

Mon, 06/19/2017
Mbale, UGANDA

“Sometimes I am forced to travel with tens of millions of shillings in my pocket and I fear for my life. Someday, something will happen”, says James Odega, a coffee trader in Eastern Uganda. James is one of hundreds of coffee traders who buy coffee from many of smallholder farmers around the Mount Elgon area and sell it to Kyagalanyi Coffee Limited (KCL) in Mbale, Uganda. After being paid for the coffee he has bought from farmers, James has to travel back to his village.

Fri, 06/16/2017
Louga, SENEGAL

Collection agents are preparing for a village savings and loan association (VSLA) meeting at an office of the Coopérative Autonome pour le Renforcement des Initiatives Économiques par la Microfinance (CAURIE-MF – Independent Credit Union for the Reinforcement of Economic Initiatives by Microfinance). A typical VSLA meeting gathers 30 to 100 women who are self-selected from community-based organizations. The women benefit from micro-credit and savings products that incorporate participatory management and joint guarantees and that work through solidarity groups.

Fri, 06/16/2017
Louga, SENEGAL

Dans les locaux de La Coopérative Autonome pour le Renforcement des Initiatives Économiques par la Microfinance (CAURIE-MF) les agents de collecte se préparent pour les Bancs Villageois (BV). Le BV est une réunion de 30 à 100 femmes issues de groupements communautaires de base suite à une auto sélection et qui bénéficient de produits de microcrédits et d’épargne reposant fondamentalement sur la gestion participative et sur la caution solidaire à travers les mécanismes de groupes de solidarité.

Thu, 06/15/2017
Freetown, SIERRA LEONE

The Sierra Leone FinTech Challenge 2017 is an initiative by the Bank of Sierra Leone, in partnership with FSD Africa funded by U.K. aid from the U.K. government and UNCDF MM4P, with support from USAID and the Last Mile Trust Fund.

Wed, 06/14/2017
Vientiane, LAO PDR

The mixed emotions of excitement and nervousness would be the best way to describe how new branchless banking agents feel in the Lao People's Democratic Republic (Lao PDR). For many prospective agents, who humbly regard themselves as rural, less-educated people, having the opportunity to work with the country’s largest bank is an unusual, unexpected opportunity.

Mon, 06/12/2017
Kampala, UGANDA

When you buy a SIM card in Uganda, you give the mobile network operator (MNO) your name and contact details and your national ID number or, in the case of foreigners, a passport. This personal data is used to ensure the integrity of the customer data records of the MNO’s. Nothing new under the sun for some, but for others who don’t have a national ID, simply registering a SIM card can be a real challenge.

Thu, 06/01/2017
Dakar, SÉNÉGAL

La zone UEMOA dispose d’un cadre réglementaire qui permet  aux institutions de microfinance (IMF) mais également aux acteurs non bancaires comme opérateurs de téléphonie mobile (OTM), spécialistes des transferts d’argent, etc., de fournir des services financiers décentralisés aux individus et aux entreprises. La BCEAO, autorité de régulation, favorable à l’introduction de nouveaux moyens de paiement scripturaux et électroniques, a inscrit dans ses priorités  l’augmentation du taux de bancarisation et la protection des utilisateurs de la finance digitale.

Thu, 06/01/2017
Dakar, SENEGAL

The West African Economic and Monetary Union (WAEMU) has a regulatory framework that enables microfinance institutions, as well as non-banking actors such as mobile network operators and money transfer specialists, to provide decentralized financial services to individuals and businesses.

Mon, 05/29/2017
Cotonou, BÉNIN

Nous savons tous que l’objectif ultime de l’inclusion financière est d’amener les gens à adopter de nouveaux comportements financiers qui, selon nous, les aideront à avancer. Beaucoup d’efforts ont été faits dans ce sens pour développer les infrastructures, mais force est de constater que la réponse du marché tarde à se faire entendre. Les partenaires s’efforcent sans cesse d’accélérer les changements et nous pouvons déjà noter une certaine consolidation dans des pays où les services financiers digitaux émergent.

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