Building a Secure and Inclusive Global Financial Ecosystem

08 Sep 2017

The 2017 Brookings Financial and Digital Inclusion Project (FDIP) report evaluates access to and usage of affordable financial services by underserved people across 26 geographically, politically, and economically diverse countries. The report assesses these countries’ financial inclusion ecosystems based on four dimensions of financial inclusion: country commitment, mobile capacity, regulatory environment, and adoption of selected traditional and digital financial services.  The report further examines key developments in the global financial inclusion landscape, highlights selected financial […]

DEL OTRO LADO: Financial behavior of households receiving international remittances in the Mexico Financial Diaries

04 May 2016

This report was commissioned by the Remittances and Savings Program of the Multilateral Investment Fund to provide insight into the financial lives of remittance recipient households in Mexico. This information will inform both private and public sector initiatives to leverage migrant remittances for wealth building throughout Latin America and the world. The research finds that remittance income is just one of many sources of income for these families. On average, […]

Six Randomized Evaluations of Microcredit: Introduction and Further Steps

16 Sep 2015

This paper seeks to identify the causal effects of expanded access to microcredit on borrowers and communities using six randomized evaluations. The evaluations are based on a variety of sampling, data collection, experimental design, and econometric strategies. The methods are deployed across urban and rural areas of six countries in four continents representing vast disparities in terms of borrower characteristics, loan characteristics, and lender characteristics. The paper finds a consistent […]

Sustained Effort, Saving Billions: Lessons from the Mexican Government’s Shift to Electronic Payments

26 Aug 2015

Thanks to a concerted and well-planned shift to electronic distribution of many government payrolls, pensions and social benefits, the Government of Mexico is saving a significant amount of funds. In the first of the The Better Than Cash Alliance Case Study Series to be released, researchers identify the many billions that are estimated to be saved by the Mexican government each year. It also provides key lessons for other governments […]

The Challenge of Understanding Pricing of Micro-loans

28 May 2014

For decades, the microfinance industry made a rather disciplined effort to ignore prices we were charging on our loan products. That changed with the Compartamos IPO of 2007, where the largest MFI in Latin America made hundreds of millions of dollars in profit while charging interest rates of over 100%. This provoked intense discussion as the industry tried to understand what true interest rates really are, and as we tried […]

How to Develop an Institutional Code of Ethics

06 May 2014

The Smart Campaign’s client protection principle on Fair and Respectful Treatment of Clients encourages financial service providers to treat clients with fairness and respect and to ensure that measures exists to detect and correct corruption and abuse, particularly during the credit sales and collection processes. An institutional Code of Ethics helps employees practice fair and respectful treatment of clients by defining clear standards of ethical behavior that they must uphold. […]

Código de Ética y Conducta

06 May 2014

En Compartamos tenemos fuertes valores compartidos que delinean nuestra personalidad y que se expresan a través de acciones concretas que siempre buscan el bien de los demás. Nos dedicamos a ofrecer oportunidades, te invito a que des el primer paso aceptando tú mismo la oportunidad de convertirte en mejor persona, de servir con un interés auténtico en la persona, de vivir y trabajar con pasión y responsabilidad, de reconocer el […]

Compartamos Initial Public Offering: A Case Study on Microfinance Interest Rates and Profits

02 May 2014

On April 20, 2007, Banco Compartamos, a microfinance institution (MFI) that was launched in 1990 and originally funded by grants from various sources, including CGAP, completed a landmark initial public offering (IPO) of its stock. The IPO was 13 times oversubscribed and considered a huge success by any financial market standard.1 Pent-up demand caused the share price—representing 30 percent ownership in the bank—to surge 22 percent in the first day […]

Beyond Codes: The Foundation for Client Protection in Microfinance

02 May 2014

Beyond Codes was an action research project of the Center for Financial Inclusion at ACCION. The project was designed to provide a body of experience and knowledge from leading financial institutions serving low-income people about how consumer protection codes of conduct are implemented. The two-year project started in mid-2008 and ended in June 2010. The project aimed to develop the tools and experience that could inform the subsequent work in […]