Opportunity International’s Post

The 60 Decibels Microfinance Index (MFI) is a groundbreaking financial inclusion initiative that exists to measure and benchmark the impact of the microfinance industry – providing high-quality, comparable social performance data for Africa, Asia and Latin America. This year the Index includes data from more than 115 participating FSPs and is supported by 32 Partners - including WaterEquity. Early insights from the aggregate dataset include that microfinance clients continue to report higher confidence in dealing with a future economic shock than the population as a whole. See the full findings from 60 Decibels here: https://ow.ly/es6L50PhmMG

This is also a pertinent issue in the #climateriskinsurance space at both micro-level and macro-level.

Does #Microfinance work? Explore this and more in the 60 Decibels Microfinance Index, the world’s largest financial inclusion initiative – built from more than 1-million unique data points and powered by the experiences of 32,000 microfinance clients! Opportunity clients reported: -      improved quality of life (93%) -      increased income (86%) -      ability to feed their families more or better-quality meals (71%) There is so much more good news. Access the full report here: https://lnkd.in/dzpsini4

Curious about the impact of #microfinance on individual livelihoods? Wondering what's effective and what needs a reevaluation?   Clients who use their loan solely for business or productive purposes report not only improved financial resilience, but also significant increases in spending on education, healthcare, meals, and home improvements. These early insights offer a glimpse into the forthcoming 60 Decibels Microfinance Index report.   As a proud partner, we're excited to share the launch of the 60 Decibels 2023 Microfinance Index. This groundbreaking initiative measures and benchmarks the impact of the microfinance industry by interviewing over 32,000 microfinance clients across the globe. It provides valuable, comparable data on social performance in #emergingmarkets across Africa, Asia, and Latin America. We're convinced that better data, technology, and insights can enhance the practice of financial service providers. By working with 60 Decibels, we aim to demonstrate the value and feasibility of regularly listening to clients to understand social performance—for investors, financial service providers, and microfinance networks.    Access early insights here: https://lnkd.in/ew2PEpv9. And keep an eye out to learn more about Triple Jump's portfolio insights soon!

Are you ready to learn more about our clients' thoughts on the financial access we provide to millions of people? The Index Report is here

It was a pleasure sharing my thoughts on Financial Inclusion (FI): The journey so far and the next frontier with a group of professionals at NDIC Academy on the 1st of November 2023. At this very interactive session, I was able to share insights and foresight on the concept of financial inclusion (FI); the pillars of National strategy for FI; digital financial services driving FI; and the future of FI. The following were some of the take-home from the presentation: "With stakeholders (NDIC and others) collaboration and synergy the 95% inclusion target for Adults Nigeria by 2024 is achievable". "Government interventions and palliatives must be truly inclusive devoid of requirements that exclude the multi-dimensionally poor (MDP) Nigerians. Such as making BVN and NIN mandatory when over 130m (mainly the MDP) Nigerians are without BVN. If majority of Nigerians with BVN are already in the financial inclusion net then we must use every opportunity to manage the risk of financial inclusion so we don't continue to manage crises of exclusion. The style of fintech at positively expanding financial inclusion using phone numbers to onboard the unserved and the undeserved is a case study.

🚨⚠️📝Publication Alert📝⚠️🚨 🔎𝗔𝗻 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄 𝗼𝗳 𝗠𝗶𝗰𝗿𝗼𝗳𝗶𝗻𝗮𝗻𝗰𝗲 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝘀 𝗮𝗻𝗱 𝗥𝗲𝗹𝗮𝘁𝗲𝗱 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁𝘀 𝗶𝗻 𝗣𝗮𝗸𝗶𝘀𝘁𝗮𝗻🇵🇰 💸Investing in digital capabilities is crucial for both the government and private sector to pave the way for financial inclusion. Explore Microfinance in Pakistan with Asif Javed and Faeyza Khan 💡 👉For details, please read full-length article at https://lnkd.in/d3_QwXy3 #JoDPRP #Research #Journal #PolicyResearch

Unlock the power of microfinance jargon with Navachetana's MFI Masterclass! Gain deeper insights into microfinance concepts and their impact on financial inclusion. Enhance your knowledge and navigate the world of microfinance with confidence. . . . #NavachetanaMicrofinance #Microcredit #Microfinance #MFIMasterclassWithNavachetana #Navachetana #WomenEmpowerment  #FinancialKnowledge #FinancialEmpowerment #FinancialEducation #FinancialLiteracy #FinancialFreedom #Inclusive #MicroLoans  #FinancialInclusion

Subsidy has often been considered a bad word in microfinance, as the sector pursued more commercial models to grow and scale. But can the sector serve the most excluded without subsidies? 🤔    These recent papers from Financial Access Initiative, NYU Wagner argue that it can’t. They raise important questions about subsidy and profitability in global microfinance providing insights from “an unlikely place: the United States.” 📄 Lessons for Global Microfinance from… the United States? https://lnkd.in/dFKbnAEx  📄 What Win-Win Lost: Rethinking Microfinance Subsidy in the Past and Designing for the Future https://lnkd.in/dGTWHHmm     Catch one of the authors, Timothy Ogden, on July 10 in a FinDev webinar, where he will discuss these ideas and more with other panelists. 🗓️ We look forward to your comments and questions!   https://lnkd.in/d3YWNnHV     #internationaldevelopment #microfinance #credit #womensempowerment 

📣 Missed the inspiring SIFTA webinar about good practices in financing social economy? No worries. You can catch up on all valuable insights by watching the recorded session. ℹ The webinar inspires microfinance providers to diversify their products and services, with an offer to social enterprises. It provides an opportunity to learn from two organizations, TISE - Towarzystwo Inwestycji Społeczno-Ekonomicznych SA from Poland and AFIN from Romania. The organizations share their experience in supporting the development of social enterprises in their countries, regulatory environment, characteristics of business model, and available financial instruments for the sector. 👉 https://lnkd.in/dYqZ7GYw #socialeconomy #microfinance #MFIs #Romania #Poland #businessmodel #socialenterprise #SIFTA #financialinstruments