Programme | FinScope

FinScope Programmes

FinScope remains the most comprehensive demand side instrument of its kind, and has to date been conducted in over 30 countries. This places FinMark Trust in a unique position to support countries in SADC, West Africa, Asia and beyond, to understand their demand-side financial inclusion landscape.

An assessment in 2015 of the FinScope product concluded that one of FinScope’s key strength is its intensive local stakeholder engagement process, which ensures local relevance and buy in. The survey’s positioning as the benchmark survey that explores financial inclusion, attitudes, behaviour and demographics comprehensively and rigorously means that it is widely accepted in countries where it is implemented, and its stability and trend-ability over time mean that that stakeholders are keen to use it to track their progress over time.

FinScope is not immune to the changes in the data ecosystem and as such needed to evolve.The new FinScope Consumer and MSME survey has been improved in the following ways:

New Measurement Frameworks

The world is changing rapidity and our measurement frameworks need to be relevant to the changes in consumer expectations and needs. To this end, the DFM team are continuously developing new measurement frameworks. Some of our newer frameworks are listed below:

  • Usage: Increasingly the focus today is on the quality and impact of access, and a broadening of the understanding of the term ‘financial inclusion’. This new module addresses various aspects of product usage and utility of the product to the consumer.
  • Needs: The needs-based approach to financial inclusion measurement follows a client-centric model recognising that consumers choose financial products and services based on their underlying needs. These needs can be grouped into four (4) main categories: meeting goals, resiliency, liquidity, and transfer of value. The needs are measured through a number of discrete use cases.
  • Livelihoods: The Livelihood approach aims to derive recommendations that allows a household to enhance its assets and capabilities by being resilient through economic shocks over time. The approach involves the identification of household livelihood and assets, nature and impact of economic shocks that creates vulnerability of households. Coupled with the understanding of financial needs of households, the livelihood approach looks to generate policy interventions that uses financial services and relevant institutional processes to address areas of financial vulnerability that households will face over a period of time.
  • Informal sector focus: The FinScope Consumer Survey is unique in aiming specifically to increase understanding of the informal financial product/service market.
  • Our data can be disaggregated by livelihoods, youth, women, rural, poor and informal segments.
  • UN Sustainable Development Goals (SDG’s) Our data is now able to give insight into some of the SDG’s from a financial inclusion perspective.

FinScope Consumer & FinScope SMME provides data:

  • for official country Financial Inclusion statistics
  • that supports governments in the development and implementation of national financial policy frameworks and strategies
  • that helps support national governments by facilitating stakeholder driven financial inclusion programmes and supporting their implementation by conducting financial inclusion diagnostics,
  • developing country roadmaps and implementation activities
  • analysis that enables policy makers and financial service providers to better understand the financial needs and behaviours of the poor to enable the provision of suitable quality financial services
  • helps governments play a catalytic role to make financial markets accessible, sustainable and inclusive by promoting and supporting policy and institutional change in the financial sector and policy arena
  • that assist governments to monitor how they contribute to the Global Goals (SDG’s) adopted by the UN
  • that assists in holding the financial industry accountable for market development
  • that is disaggregated by province, sex, age etc. so as to address changing demographics
  • that helps connect FI to the real economy
  • to assist MSMEs to be more sustainable and create employment
  • that drives the development of the market for MSMEs
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Results from FinScope Consumer Survey Madagascar 2016

Antananarivo, 11 November 2016. FinMark Trust released the results of the first FinScope Consumer Survey Madagascar today. The FinScope Survey, developed by FinMark Trust, is a research tool to assess financial access in a country and to identify the constraints that prevent financial service providers from reaching the financially under- and un-served people. The FinScope Survey […]

FinScope Consumer
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FinScope Consumer Survey Madagascar 2016 Presentation

The objectives of the FinScope Madagascar 2016 are: To describe the levels of financial inclusion (i.e. levels of access to financial products and services ?both formal and informal To describe the landscape of access (i.e. the type of products and services used by financially included individuals) To identify the drivers of, and barriers to financial […]

FinScope Consumer
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FinScope MSME Survey Lesotho Pocket Guide

FinScope MSME Lesotho was designed to involve a range of stakeholders engaging in a comprehensive consultative process, thereby enriching the survey and ensuring appropriateness and buyin. The Ministry of Small Business Development, Cooperatives and Marketing (MSCM) is grateful to all individuals who participated in this project, including the steering committee (SC) constituting of Ministry of […]

FinScope MSME
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New Facts and Figures from FinScope MSME Survey Lesotho 2016

Maseru, 03 November 2016: FinMark Trust (FMT) in conjunction with the Ministry of Small Business Development, Cooperatives and Marketing; and the Ministry of Finance released the results of the FinScope Micro, Small and Medium Enterprises (MSME) Survey Lesotho 2016 survey results today. This was the first FinScope MSME Survey conducted in Lesotho. The FinScope MSME […]

FinScope MSME
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Case Study – Using Information as a Driver of Change: ...

In August 2016, FSD Africa launched a case study series on the art of financial market facilitation with a desire to learn more about the art of market facilitation in action. In response, and in partnership with CGAP, DCED and the FSD Network, FSD Africa commissioned the Springfield Centre to prepare a suite learning case studies. The seven case study […]

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Financial literacy and savings decisions by adult financial ...

We use survey data from a sample of 4000 adult financial consumers in Zimbabwe to analyse the determinants of financial literacy and its effect on individual?s savings decisions. Results show that women have lower financial literacy than men. Furthermore, individuals? residing in rural areas exhibit lower financial literacy compared with urban financial consumers. Financial literacy […]

FinScope
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FinScope Consumer Survey Togo 2016 Presentation (French)

Making Access Possible (MAP) is a diagnostic and programmatic framework to support expanding access to financial services. The MAP methodology and process has been developed jointly by UNCDF, Cenfri and FinMark Trust. The FinScope Consumer Survey Togo 2016 was a partnership between Fonds National de la Finance Inclusive (FNFI), L’Institut National de la Statistique et […]

FinScope Consumer
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FinScope Consumer Survey Togo 2016 Presentation (English)

Making Access Possible (MAP) is a diagnostic and programmatic framework to support expanding access to financial services. The MAP methodology and process has been developed jointly by UNCDF, Cenfri and FinMark Trust. The FinScope Consumer Survey Togo 2016 was a partnership between Fonds National de la Finance Inclusive (FNFI), L’Institut National de la Statistique et […]

FinScope Consumer
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Results from FinScope Consumer Survey Kingdom of Cambodia 20...

Phnom Penh, 12 July 2016. FinMark Trust released the results of the first FinScope Consumer Survey Kingdom of Cambodia 2015 today. The FinScope Survey, developed by FinMark Trust, is a research tool to assess financial access in a country and to identify the constraints that prevent financial service providers from reaching the financially under- and un-served […]

FinScope Consumer
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FinScope Consumer Survey Cambodia 2015 Pocket Guide

Making Access Possible (MAP) is a diagnostic and programmatic framework to support expanding access to financial services for individuals and micro- and small- businesses. The MAP methodology and process has been developed jointly by UNCDF, FinMark Trust and Cenfri to foster inclusive financial sector growth. At country level, the core MAP partners collaborate with Government, […]

FinScope
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FinScope Consumer Survey Cambodia 2015 Presentation

Making Access Possible (MAP) is a diagnostic and programmatic framework to support expanding access to financial services. The MAP methodology and process has been developed jointly by UNCDF, Cenfri and FinMark Trust. At country level, the core MAP partners, collaborate with other donors to ensure an inclusive, holistic process. In addition to the above MAP […]

FinScope Consumer
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Agricultural Subsidies in SADC Countries

FinMark Trust has commissioned this research as part of its broader mandate to improve financial inclusion of the poor. In this case, given the significance of the agricultural sector in most Southern African Development Community (SADC) countries, the stated purpose has been to assist SADC and SADC states to make informed decisions regarding the payment […]

FinScope
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Agricultural Subsidies in SADC Countries

FinMark Trust has commissioned this research as part of its broader mandate to improve financial inclusion of the poor. In this case, given the significance of the agricultural sector in most Southern African Development Community (SADC) countries, the stated purpose has been to assist SADC and SADC states to make informed decisions regarding the payment […]

FinScope
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Cutting Corners at a Most Vulnerable Time

With the details of the South African micro insurance regulatory framework soon to be finalised, questions still remain as to how best to approach formalisation and enforcement of informal funeral parlours. Previous research showed that enforcement will not be an easy task, as it is a fragmented industry where informal insurance is key to many […]

FinScope