Guest post by Tony Fosu, Sinapi Aba
Although the MicroLead project is still in process, the team has been constantly assessing its impact through external studies and conversations with partners. Sinapi Aba is a savings and loan institution based in Ghana and a MicroLead partner. We asked Sinapi Aba CEO, Tony Fosu, about working with MicroLead. Here’s what he had to say:
Guest Post by Anjali Banthia, Specialist, Women's World Banking, Consumer Insights and Engagement
A new pilot partnership in Papua New Guinea (PNG) providing affordable green energy has the potential to drive the adoption and usage of financial services among rural low-income Papua New Guineans.
MiBank is working with Empawa, a local provider of solar power units in PNG to target off-grid homes to supply cheaper, more sustainable, green energy while at the same time creating access to a range of financial services through mobile phones.
The theme of this year’s International Day for the Eradication of Poverty is "Moving from humiliation and exclusion to participation: Ending poverty in all its forms". It reminds us that eradicating poverty remains one of the greatest challenges facing humanity. Globally, 767 million people live on less than $1.90 a day, many lacking access to adequate food, clean drinking water and sanitation. Women are more likely to live in poverty than men due to unequal access to paid work, education, and property.
The grant agreement between the UN Capital Development Fund (UNCDF) and Amret Microfinance Cambodia was publicly signed on the 14th of October 2016, in the presence of representatives from the UN, the Australian Department of Foreign Affairs and Trade (DFAT) and Amret management staff.
A farming household managed by an older woman is typical of farming households who depend for a large part of their income on the sale of crops grown on their own land: incomes and expenditures are ‘lumpy’ compared to those of non-farming families, or of farming families who mostly labor on other people’s land.
As a growing number of solar companies offer the pay-as-you-go (PAYGO) financing model for customers, the solar sector is going digital. Not only are customers paying digitally, but solar companies are building digital back offices. With support from several partners, including UNCDF CleanStart, Kamworks – a solar company that provides solar power to more than 150,000 rural customers in Cambodia – has developed a proprietary PAYGO and Enterprise Resource Planning (ERP) platform.
Some 78 percent of the 200 million young people in sub-Saharan Africa live on less than $2 a day and only 5 percent have access to financial services. With statistics like these, there is no question that youth have become a core concern in many African economies – yet most financial institutions are not equipped to address them as real potential customers. Lack of access to financial resources is a major constraint for youth transitioning from school to work.
The Ministry of Interior (MOI) in collaboration with the Ministry of Finance (MOF), Office of Accountant General, and IMC with the support of UNCDF/JPLG jointly organized a two days pre-discussion review workshop (4-5 September 2016) focusing on FDS (Fiscal Decentralization Strategy Progress, Local Government Financing framework, services deliveries of the CG Ministries, in anticipation of the proposed Government Budget Conference which is due to be held on 11th October, 2016, commenced today at the Ambassador Hotel in Hargeisa.
The World Food Programme (WFP) and the United Nations Capital Development Fund (UNCDF) sign an agreement in an effort to scale up WFP’s assistance to support the local economy in Sierra Leone through innovative cash-based transfers. The partnership will enable WFP to build a robust system for delivering cash transfers to the most vulnerable households.