Showing results for "savings"
About a year back in August 2018, MSC collaborated with the Indian Institute of Management Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship to start the journey of Financial Inclusion Lab. The Lab currently receives support from the J.P. Morgan, Bill & Melinda Gates Foundation, the Michael & Susan Dell Foundation, and the Omidyar Network. The Lab supports start-ups that develop innovative, technology-enabled solutions in the areas of financial technology, livelihoods, and skilling for the benefit of low- and middle-income (LMI) communities. MSC provided technical assistance (TA) to these start-ups. This blog focuses on the lessons learned from this TA program where we highlight six key insights that could be helpful both to investors, consultants, and other organizations which plan TA programs for similar start-ups.
This blog focuses on how we can engage and retain youth in agricultural activities. Its also walks us through how MSC helps its clients to tailor its services through vocational training, technological innovation and skills & entrepreneurship development to create opportunities for youth.
In the words of NABARD, “internal savings mobilized by its members is the core of the SHG”. Banks size their loans to SHGs as a multiple of the savings accumulated. Strangely though, it is not routine for banks to verify SHG balance sheets before lending. Few SHGs try to balance their books, and even fewer have provisions for audits.
In the SHG-bank linkage model, the size of bank loans is determined by the size of the SHG corpus, more than by any other single factor. As a result, SHGs face very strong systemic incentives to neglect errors that overstate their collective savings or understate losses.
Finlok is a financial platform that helps people save money and avail hassle-free credit through a group savings-based financial model. This blog explores how the platform will help the low- and middle-income segments gain greater control over their finances.
The state of Andhra Pradesh is recognized as a leader in using technology to improve the delivery of public services, programs and subsidies. Many of its innovations were piloted in Krishna District, which has been visited by development agencies and delegations from many countries.
Bernie Akporiaye launched MaTontine in 2015. His objective was to provide a digital financial services platform so as to unlock access to financial services for the financially excluded in Africa. MaTontine goes back to a system used all over Africa called Tontines in Francophone Africa and sometimes called saving circles in other parts of Africa. Read more about this success story.