Breaking Free of the Branch : Designing Alternative Delivery Channel Projects for Microfinance Banks in Africa
Nearly 80 percent of adults in Sub-Saharan Africa do not have an account with a formal financial institution. Despite recent well-publicized successes in increasing financial inclusion in a small number of African markets, such as Kenya, hundreds o...
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| Format: | Brief |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/08/24943483/breaking-free-branch-designing-alternative-delivery-channel-projects-microfinance-banks-africa http://hdl.handle.net/10986/23490 |
| Summary: | Nearly 80 percent of adults in
Sub-Saharan Africa do not have an account with a formal
financial institution. Despite recent well-publicized
successes in increasing financial inclusion in a small
number of African markets, such as Kenya, hundreds of
millions of African adults still lack access to affordable
financial services. In response to this need, International
Finance Corporation (IFC) and The MasterCard Foundation
partnered to introduce alternative delivery channels in
IFC’s key microfinance partners in Africa. Although the
partnership is still at an early stage, this smart lesson
distills some general lessons from two of the first
alternative delivery channel engagements. These lessons may
be useful for other IFC teams in structuring such projects
with microfinance clients. |
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