year | 2018

triangle

FinScope South Africa 2018 Survey Highlights

South Africans are leveraging the informal and formal markets to survive difficult times. We are hosting the FinScope South Africa 2018 survey highlights on 22 November, where we will delve deeper on the levels of financial inclusion in South Africa. Follow us on twitter @finmarktrust with our hashtag #FinScopeSA2018 as we share some of the key findings […]

FinScope
triangle

Achieving Financial Inclusion Goals Through Digital ID in Ma...

Digital Financial Identity has been top of mind for FinMark Trust since the idea was first raised in the SADC FI Forum in July 2017. We followed this up with a Digital Financial Identity Workshop in January 2018, where we delved into the challenges and benefits of a digital financial identity. In mid-July, FinMark Trust […]

SADC FI
triangle

Will inclusive financing mechanisms promote more women-led a...

Written by Innocent Njati Banda Banks need to step up to support women in agriculture Just like any other business, women-led agribusinesses require a number of factors to be successful, such as availability of affordable high-quality inputs, equipment and labour; availability of suitable land for growing crops, rearing animals or processing produce; technical support from […]

SADC FI
triangle

Malawi Digital Financial ID Feasibility Assessment

The World Bank’s ID4D Programme estimates that 375 million adults in developing countries are excluded from formal financial services. This is on account of unavailability of a suitable proof of identity as per know your customer (KYC) requirements (ID4D 2016). This gap can only be bridged by the development of a trusted identity system that […]

SADC FI
triangle

Hackathon: Innovations for Mobile Financial Services (OneMon...

The OneMoney Hackathon was held at the TelOne Centre for Learning from the 13th -15th July 2018, a product of the partnership between FinMark Trust, NetOne, TelOne, Elevate Trust and ZimHack. The competition aimed to promote product innovations for inclusive financial services within the mobile financial services sector, with a particular focus on poor and […]

SADC FI
triangle

Hackathon: 2018 Lesotho SIMM Hackathon Report

Access to formal and semi-formal financial services is limited in Lesotho, especially for low-income and rural populations. The majority of Basotho are excluded from the formal credit system, while restricted accessibility and high pricing of banking products further limits uptake. The Lesotho Government has identified a lack of access to financial services as a major […]

SADC FI
triangle

Mapping Financial Access Points in Lesotho

Measurement of financial inclusion (FI) has been informed by indicators of barriers to financial services (access), benchmarking and monitoring levels of uptake, assessing levels of usage, monitoring the quality of services provided and diagnosing the financial health of users. Countries with explicit FI policies tend to develop monitoring and evaluation frameworks which in turn is […]

SADC FI
triangle

The Value of Savings Groups and Stokvels for Financial Inclu...

The emphasis of financial inclusion is now on how more competitive financial markets can work better for poor people (Porteous, 2004). It acknowledges that increasing financial inclusion requires a better understanding of how services, formal and informal, can meet people’s needs (Ledgerwood and Jethani, 2013). The current economic situation in South Africa presents a large […]

SA FI
triangle

Impact Evaluation of Savings Groups and Stokvels in South Af...

The emphasis of financial inclusion is now on how more competitive financial markets can work better for poor people (Porteous, 2004). It acknowledges that increasing financial inclusion requires a better understanding of how services, formal and informal, can meet people’s needs (Ledgerwood and Jethani, 2013). The current economic situation in South Africa presents a large […]

SA FI
triangle

More Namibians become financially included

This article was released in The Namibian on 14 August 2018 in The Bottom Line, page 11. Written by Charmaine Ngatjiheue. Namibians who do not have access to financial services stood at 22% in 2017, down from 31% in 2011 and 51% in 2007. This is according to the Namibian Financial Inclusion Survey (NFIS) of 2017, which […]

triangle

Financial Inclusion in SADC

The financial inclusion indicators are constructed from 14 SADC countries using findings of the FinScope Consumer surveys. This fact sheet contains an updated summary of the book named “An excluded society” and as such it provides key fact about financial inclusion in the SADC region.

FinScope
triangle

SADC Mobile Money Guidelines

Mobile Money has evolved as a utility to provide financial services largely to the unbanked population. Its success in certain emerging markets and countries with unsophisticated banking infra-structure has been unprecedented. The aim of the project is to develop Mobile Money guidelines to assist SADC Member States with principles to facilitate the harmonisation of their […]

SADC FI
triangle

FinScope Myanmar 2018 Launch Presentation

Myanmar has achieved significant strides through Government policy in supporting increasing access to financial services which is a major goal of the Myanmar Government as reflected in Article 3 of the Microfinance Law. The Government recognises the role played by the financial sector in driving economic growth through enhanced access to financial services. With the […]

FinScope Consumer
triangle

Jump-starting mobile money innovation for the advancement of...

A financially inclusive system serves every individual’s needs by empowering them to manage liquidity, achieve goals and face shocks, ultimately contributing to an improved quality of life. The use of formal financial services is limited in Lesotho, particularly for low-income and rural populations (69% of Basotho adults are estimated to live in rural areas [1]). […]

triangle

FinMark Trust to open an office in Zimbabwe

This content was released on Business Weekly Zimbabwe 22 – 29 June 2018 in Company News, page 3. Written by Kudzanai Sharara. FinMark Trust, an independent trust established to promote financial inclusion and regional financial integration, has announced its plans to set up base in Zimbabwe. FinMark Trust, which provides evidence based data to support the […]