Publications

International Funding for Financial Inclusion

30 Jan 2018
  • Olga Tomilova
  • Edlira Dashi

The 2017 edition of CGAP’s annual Cross-Border Funder Survey reports funding commitments from the 23 largest international funders of financial inclusion, representing 80 percent of the full set of over 54 international funders and 73 percent of the global estimated funding commitments for financial inclusion in 2016. Financial inclusion, which is broadly perceived as an enabler of Sustainable Development Goals (SDGs), remains an important focus for funders. Survey results indicate […]

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Microfinance and Economic Development

21 Dec 2017
  • Robert Cull
  • Jonathan Morduch

This paper is an insightful and well-written analysis that advocates for a refreshed vision of microfinance following four decades of experience. The authors reconsider the claims about microfinance, both about its social and economic impacts on households and about microfinance institutions’ own profitability as business enterprises that serve low-income households.  The paper argues that claims about large impacts and profits have been exaggerated, but so have claims about failures.  Recent literature suggests that microfinance impacts remain modest and […]

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Digital Financial Services in Nigeria: State of the Market Report 2017

21 Dec 2017
  • Olayinka David-West

The notion supporting digital financial services (DFS), mainly through ubiquitous mobile devices as a magic bullet for enhancing access and utility of financial services is still in its nascent stages. Through research engagements, the various dimensions of Nigeria’s financial inclusion conundrum are the primary focus of the Sustainable and Inclusive Digital Financial Services (SIDFS) Initiative hosted at the Lagos Business School. By generating an evidence base, we aim to provide […]

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Microfinance: Revolution or Footnote?

21 Dec 2017
  • Ira Lieberman
  • Paul DiLeo
  • Todd A. Watkins
  • Anna Kanze

In March 2017, a gathering of microfinance and impact business practitioners, investors and analysts was held at Lehigh University, sponsored by Lehigh’s Martindale Center, the Financial Inclusion Equity Council, and Calmeadow, and organized by Grassroots Capital Management and LIPAM International. The purpose was to assess the state of microfinancein light of its successes and setbacks, and in the context of the maturation of the sector’s funding mix to amajority of […]

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Agent Network Accelerator Research: Nigeria Country Report

21 Dec 2017
  • Jacqueline Jumah
  • Irene Wagaki

With the financial support of the Bill & Melinda Gates Foundation, the United Nations Capital Development Fund (UNCDF) and other regional stakeholders, MicroSave is conducting a four-year research project in eleven focus countries as part of the Agent Network Accelerator (ANA) Project. The Helix Institute of Digital Finance, which manages the ANA project, provides financial sector stakeholders with capacity building trainings to develop sustainable digital finance programmes and operations, through […]

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Good Practices for Financial Consumer Protection

21 Dec 2017

    Over the past decade, financial consumer protection has become an increasingly mainstream priority. A strong consumer protection regime is key to ensuring that expanded access to financial services benefits consumers, enabling them to make well informed decisions on how best to use financial services, building trust in the formal financial sector, and contributing to healthy and competitive financial markets. The global financial crisis of 2008 highlighted the importance of financial […]

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    Global Partnership for Financial Inclusion Forum

    28 Nov 2017

      The Global Partnership for Inclusion (GPFI) Forum has become an annual cornerstone of the GPFI’s activities. At the Forum, the GPFI presents its work to a broader audience, going beyond its members. Usually taking place back-to-back to the GPFI’s plenary meeting, the forum offers a unique opportunity for reaching out and networking. In 2017, the GPFI Forum was hosted on 2-3 May in Berlin by the German G20 Presidency, paving […]

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      Digitally Delivered Credit: Consumer Protection Issues and Policy Responses to New Models of Digital Lending

      27 Nov 2017

        Across the globe, we are seeing how the rapid expansion of digital financial services (DFS) is driving the growth of inclusive finance. Policymakers and regulators are recognizing the importance of DFS for financial inclusion, as highlighted in the G20 High-Level Principles for Digital Financial Inclusion: “While tremendous gains in financial inclusion have already been achieved, digital financial services, together with effective supervision (which may be digitally enabled), are essential to close […]

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        Cashless Cities: Realizing the Benefits of Digital Payments

        31 Oct 2017

          Cities account for a large proportion of the global population and its economic activity. Today, over half of the world population lives in cities. By 2050, this number will increase to two-thirds. Currently, over 80% of global economic activity takes place in cities and it is expected that the vast majority of future economic growth will come from cities, largely spurred by digital payments. This study is unique in that […]

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          2017 UNSGSA Report: Financial Inclusion Transforming Lives

          31 Oct 2017

            Financial inclusion is now firmly established as a powerful tool to improve lives and strengthen development. Each year, the Secretary-General’s Special Advocate for Inclusive Finance—Queen Máxima of the Netherlands—publishes a report that looks at what financial inclusion has achieved and where it is going. The report discusses the contribution SMEs have on the economy – half of total employment and a third of the GDP. However, their opportunity for growth is […]

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