Showing results for "savings"
Analysing the Mor Committee report, MicroSave believes it will lay the foundation for the future financial institution architecture to deal with inclusion of those that are outside the formal financial system.
Can Aadhaar become rails of digital disbursement for subsidy payments? MicroSave presents case studies that show huge potential of Aadhaar for G2P payments.
After the progress made on setting a regulatory and policy framework to enable financial inclusion, this blog raises concern over the decision that puts a cap of 1% for agent transaction.
Grameen Foundation enlisted MSC to develop savings services for the poor in three institutions in Asia and Africa. MSC conducted market research and a deposit mobilization review and then supported the development of savings services at the institutions. At the time of writing, the savings services products reach more than 1 million Ethiopians. CARD Bank mobilized USD 179 million from its 2.5 million clients.
MSC has been a provider of choice for technical assistance and advisory services to Equity Bank since 2001. As a result of our support, the bank has deepened financial inclusion and broadened access for users. There has been a significant growth in depositors and deposits as well as borrowers and loan book for the bank. By the first quarter of 2018, over 97% of the bank’s transactions occurred outside its branches and 70% were self-service. The use of alternate delivery channels improved the cost-to-income ratio from 47.1% in 2015 to 44.8% in 2016.
MSC has associated with Equity Bank on multiple engagements over the years. We initially collaborated to form a research cell to re-engineer Equity to be a market-led institution. MSC continued the collaboration as Equity Building Society transformed into Equity Bank. MSC subsequently collaborated with Equity on the research cell over multiple engagements. Today, Equity serves over 12 million customers.