Building Resilience in Burkina Faso (BRB) takes a multi-sectoral approach to improving household resilience and food security and features the innovative use of community-based women’s savings groups as a platform for providing an integrated package of agricultural, nutrition, financial services, and women’s empowerment programming to help thousands of savings group members overcome many of the geographic, cultural, social, and economic constraints that hamper their resilience in the face of shocks and disasters.
Mobile Financial Services
In 2018, Grameen Foundation authored a landscape assessment on the use for data in support of smallholder farmers and agricultural development. This infographic summarizes a few of the main findings, and can serve as a launching pad for those considering how to harness the power of big data and digital technology for agricultural innovation. For a related blog, "Big Data and Smallholder Farmers," click here.
The opportunity for smallholder financing is enormous. Fewer than 10 percent of the nearly half billion of the world’s smallholder farmers operate in organized farmer groups that have benefited from agriculture financial services initiatives.
November 23, 2015
This past summer, Qualcomm® Wireless Reach™ and Grameen Foundation India held a forum to explore how mobile phones and 3G technology are helping to promote financial inclusion in India. Participants represented various stakeholders including microfinance institutions, commercial banks, donors, investors and technology service providers.
Grameen Foundation ran a blog series hosted by Next Billion (March 17-June 11, 2015) on the challenges and benefits of microfinance institutions utilizing mobile technology to serve their clients.
Though mobile financial services offer microfinance institutions an important new channel to serve clients, their staff remain their most valuable asset. This is an important consideration for institutions as transitioning to mobile-based services will require all of their departments to navigate change.
Despite the large sums of money being poured into digital financial services around the world, enrollment and usage remain low and few services reach those who need them most. Grameen Foundation worked with two institutions that offer microfinance services in Uganda to help increase the adoption of digital services among current and potential clients.
With the rapid growth of mobile money services, financial providers are testing ways to use this distribution option. The infrastructure offered by mobile money operators allows financial services providers to reduce distribution costs and increase staff efficiency, while customers benefit from having more convenient and lower-cost financial access points.
March 16, 2015
By Sharada Ramanathan and Rajesh Sinha
Our first two posts talked about how Non-Banking Finance Companies (NBFC)-Microfinance Institutions (MFIs) who wish to become Business Correspondents (BCs), offering multiple banking products can effectively influence: