I'll be hosting a one-hour live Question & Answer discussion on a new report I co-wrote with Asli Demirguc-Kunt titled "Measuring Financial Inclusion: The Global Findex Database," and will discuss its data methodology and main messages.
So say 87% of the respondents in a survey used by Dupas and Robinson in an interesting forthcoming paper on what happens when you help people get set up with bank accounts in Kenya. And, as we will see, this problem seems to be particularly acute for women.
The post orginally appeared on All About Finance.
The facts are in. 50 percent of adults worldwide have an account at a formal financial institution. 21 percent of women save using a formal account. 16 percent of adults in Sub-Saharan Africa use mobile money. These are just a few of the thousands of data points now available in the Global Financial Inclusion (Global Findex) database, the first of its kind to measure people’s use of financial products across economies and over time.
This post is the second in a special blog series on the Microfinance Institution, SKS and it's IPO launch in partnership with CGAP. Over the coming weeks we’ll be featuring a variety of voices on the issues raised by the IPO. We welcome your participation in this discussion through comments.
This is the first time that I have knowingly contributed to a ‘blog’; hence I am not familiar with medium’s etiquette. Am I to oppose, to concur, or to add? I’ll try to do all three.
Steve Rasmussen poses a number of important questions; they are mostly about the future, and about clients, which is surely where our focus should be.
I shall not comment on the rights or wrongs, legal or ethical, of the ways in which the shareholdings of the SKS clients’ Mutual Benefit Trusts were handled; Professor Sriram has already covered that issue, very well.
It’s now evident that people in developing countries have access to the internet and mobile phones like never before, which (as I recently wrote about) may lead to increased economic growth, job creation and good governance. A huge piece of this broad puzzle is mobile banking, and utilizing mobile phones to bring financial services to people who wouldn't otherwise have access to banks ("unbanked").
A new study, released last month by the Consultative Group to Assist the Poor (CGAP) and GSMA, estimates that there are more than one billion people worldwide who are unbanked, yet have access to mobile phones. And by 2012, that number is expected to grow to 1.7 billion people.
This is the latest installment of the regional round-up and it has been a while. However, there has not been much groundbreaking news related to the financial crisis to report, with a few exceptions (more to come later).
In my last post, I discussed how emerging Asia is getting hit by the financial storm and the early signs of stress in the financial systems across the region. The intensity of this storm appears to be getting worse, but governments across East Asia are taking a wide range of measures to bolster their financial systems.
You may want to grab your surfboard to be prepared even though this wave may not yet be visible now. There is little (public) focus on this question in Asia at the moment and I suspect that the reason is simple – over the past ten years we have witnessed a relatively long period of stability and rapid economic growth across Asia. Such a situation can too easily breed complacency and high levels of risk-taking by banks, as well as a m