Vanel Beuns’ Post

Well done Inter-American Development Bank. Getting the unbanked closer to the financial system must be a national priority. At The Belize Bank Limited Financial Inclusion initiatives drive our strategy. #financialinclusionmeansyoutoo

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Chispas! 🙀 In LATAM, and particularly in Mexico, financial inclusion rates are VERY low... this study mentioned in El Economista, performed by the Inter-American Development Bank shows how bad the situation looks: - In a developed economy 3% of adults dont have access to financial services - In Latam, it's 26% 😢 - In Mexico 🇲🇽.... it's 51% 🙀 😭 At Ximple, we are committed to change this, and we have made it our mission to break the cycle of perpetual financial exclusion in Latin America!

Mastercard Foundation & Kifiya Launch $100M SAFEE Program to Boost MSME Financing in Ethiopia 🌱💼 The Mastercard Foundation and Kifiya Financial Technology PLC have teamed up to introduce the Sustainable Access to Finance to Enable Entrepreneurship (SAFEE) program, backed by a substantial $100 million investment. This initiative aims to revolutionize access to uncollateralized financial credit for micro, small, and medium enterprises (MSMEs) across Ethiopia. With a goal of mobilizing an additional $300 million from six Ethiopian banks, SAFEE seeks to empower over 477,800 MSMEs and facilitate mobile device financing for 425,000 young women. Over the span of five years, the program aims to generate job opportunities for 2.18 million youths, particularly focusing on women, and provide credit access to 3.65 million young individuals. Notably, SAFEE prioritizes supporting vulnerable groups, including women, persons with disabilities, refugees, and internally displaced persons (IDPs). Employing cutting-edge AI-driven credit scoring mechanisms, SAFEE will revolutionize traditional collateral requirements, making loans more accessible and affordable. By facilitating the transition from collateral-based to credit-score-based lending, the program paves the way for broader financial inclusion, fostering economic growth and empowerment. The program's unveiling at the "Startup Ethiopia" event underscores its alignment with the Mastercard Foundation's broader commitment of $672 million to enhance financial access in Ethiopia. #SAFEE #MastercardFoundation #Kifiya #FinancialInclusion #Ethiopia #MSMEs #DigitalCredit #YouthEmpowerment #WomenInFinance

🌍💸 A few years ago, the flow of remittances became a topic of interest to me because of my job. Working in fintech has shown me the power and significance of money sent by people to their home countries or loved ones. It's crucial that this process works seamlessly, providing convenience and speed, considering its importance to many families around the world. 🚀💰 Since diving into the Hispanic market in the U.S., my respect and admiration for these stories have only grown. Contributing to making remittances dignified and straightforward for more people truly moves me. 🙌❤️ In this journey, I met Joshua Contreras, whose inspiring story teaches me daily to approach this issue with sensitivity but yet with high emphasis. Why do many providers still disrespect users and hide fees in money transfers? We know the answer, but we don’t accept it! 🚫💸 At Wise, Transparency is our favorite mission pillar. That's why we work tirelessly to spread this message. The good news? Everyone here can help. 🌟 Nothing to Hide (link on comments) was created for this purpose. Join us! As long as we need to talk about this, Josh provides us a masterclass in this Newsweek en Español América article to celebrate the International Remittance Day. 📖✨ #Fintech #Remittances #Empowerment #NothingToHide #Transparency #FinancialInclusion

HERPAY LIMITED : Financial Inclusion FinTech Solution for Women in Nigeria - Bright Chimezie Irem ✍️. In Nigeria's markets, amongst the #FinTech women who is making an inroad through our local economies is Nkem Okocha, leading a FinTech Solution that is quietly helping the financial inclusion space for women to take shape and form. Through Herpay, Nkem is setting a groundbreaking financial platform, emerging as a framework for economic empowerment, tailor-made for the women of Nigeria by one of their own, Nkem Okocha. Nkem, a social entrepreneur and a Fellow of the Mandela Washington Fellowship, has not just observed the needs of Nigerian women; she has lived them. With a keen understanding of the hurdles women face in accessing financial services, she has crafted Herpay, not as a mere transactional tool, but as a "Special Purpose Vehicle" for women economic liberation, designed to become part of the daily lives of its users. Herpay is not just a FinTech product; it is a statement, a declaration that Nigerian women will not be by-standers in the economic transformation of our time. It recognizes that financial freedom for women is not a luxury but a necessity for the growth of our communities and our country. The platform speaks directly to the heart of financial inclusion. It simplifies the complexities of the financial world, making it more accessible and affordable for women to manage their finances. With Herpay, women enjoy the benefits of paying less for bank transfers, earning rewards and cashbacks while shopping, and saving on bill payments. These are not just features; they are bridges to a life of financial stability and independence. Signing up for HERPAY LIMITED opens a world of limitless possibilities. It's an invitation to join a community of women who are ready to take control of their financial and economic prosperity. It's a chorus of voices saying, "This is our time, and we are ready." To the women of Nigeria: HERPAY LIMITED is your platform and our platform! HerPay understands you because it was built for you, with your aspirations at its core. As we strive to build a more equitable and prosperous future, let Herpay be the tool that empowers you to claim your rightful place in the world of finance. Join the movement. Embrace the change. Let's grow together with Herpay. #HerPay #ForWomen #NigerianWomen #LessTransferCharges #NaOurOwnOoo #herpaynigeria #herpay #financialinclusion #ExchangeAlumni - Alumni Affairs - State Dept. members making impact in our communities.

M-KOPA remains at the forefront of fostering digital financial inclusion for women through innovative approaches like human-centred design. With the support of Africa Digital Financial Inclusion Facility (ADFI), our digital credit solution, shaped by user insights in Kenya, is improving women’s participation in a financial inclusion pathway. Through our flexible digital model, we are alleviating access barriers and improving economic outcomes. Today, more than one-third of M-KOPA customers are women and close to 2 in 5 sales agents are women. Read more about our work with ADFI here: https://lnkd.in/dntXXq4p And check out our most recent impact data here: https://lnkd.in/eWr4dP2F #MKOPA #FinancialInclusion #DigitalInclusion #Empowerment #ADFI

🌟 SCBF Interventions in West Africa 🌟 SCBF has been driving #financialinclusion in the #WestAfrica region since 2011, supporting over 43 projects across 9 countries. While progress has been made, significant gaps persist, especially among #women and #ruralcommunities. We’re pleased to share a comprehensive report that provides a contextual analysis into financial inclusion in the region, alongside insights from SCBF’s interventions. The report share insights, learnings, and demonstrate the effectiveness of SCBF's approach. Key Takeaways: 1️⃣ Client-centric solutions: Customizing financial services and delivering localized financial literacy programs drive greater adoption. 2️⃣ Digitisation: Combining fintech innovations with traditional services helps bridge gaps in infrastructure. 3️⃣ Empowering women & rural communities: Integrating technology and skills development enables access for the most excluded populations. 📖 Dive into the full report and discover our journey toward inclusive growth in West Africa: https://lnkd.in/dSE_X6i4 #ImpactStories #InclusiveFinance #WestAfrica #SCBF #DigitalFinance Boubacar Diallo, M.A, EMBA. | Sitara Merchant-Carter | Dana Ellis | Azalea Carisch | Pascal Rouamba | Christian Eggs | Yvan Pasteur | Swiss Agency for Development and Cooperation | Swiss Re Foundation Advans Ghana Savings and Loans Ltd, ALIDé, SanlamAllianz Côte d'Ivoire, Aqua for All, Clean Cooking Alliance (CCA), Assilassimé Solidarité, AXA Sénégal,Baobab Sénégal, CAMIDE, CIDR Pamiga, Compagnie Nationale d'Assurance Agricole du Sénégal (CNAAS), Crédit Rural de Guinée, Democrance, FECECAM, FUCEC TOGO, Groupe d'Epargne et de Soutien en Côte d'Ivoire (GES-CI), Groots, IBISA NETWORK, International Research Institute for Climate and Society, Columbia Climate School, La Banque Agricole, La Poste du Bénin, OKO, One Acre Fund, Opportunity International, PAMECAS, REMUCI, SINAPI ABA SAVINGS AND LOANS COMPANY LIMITED, SympliFi, Symbiotics, VisionFund International, Women's World Banking COOPEC-SIFA, EGITCOM, MicroFinanza, People's Pension Trust, Planet Finance, PlaNet Guarantee, Rubyx, Swiss Microfinance Holdings, RENACA, REMU-CI, RCPB, La Poste Burkina Faso, E-Savings Club, CAECE-JIGISEME, ASA Initiative, FIDES AG, IFA Consults, SONAPOST,

Take a look at the just released 2024 Aid Transparency Index https://lnkd.in/dNsxwj_F ☑ In 2024 the average score across all organizations (50 assessed in the report) was the highest recorded so far: this is very good news! ☑ Evidence shows that by promoting #transparency public agencies contribute to increasing public support to foreign aid; 🎉 Very proud to share that Inter-American Development Bank ranked second! At #IDB Group accountability is key and we are committed to keep pushing for it! #IDBImpact+

While the shortage of affordable housing is a global crisis, women are particularly disadvantaged. Because women are often employed in the informal economy, they typically earn less money and lack the formal credit history or access to the collateral needed to obtain a loan through a traditional financial institution. Santander Chile is working to address this gender disparity and expand housing finance for women. IFC - International Finance Corporation’s $200 million loan will support the expansion of the bank’s mortgage portfolio exclusively targeting #women customers, advancing sustainable and inclusive growth throughout #Chile. Learn more: http://wrld.bg/Bb6H50QxSe4   #AccelerateEquality IFC América Latina y el Caribe | Alfonso García Mora | Manuel Reyes-Retana | Manuela Adl | @Patricia Pérez | Vittorio Di Bello | Helena De La Torre | Rogerio Santos | Jose F Etchegoyen | Tomas Lo Prete | Florencia Gonzalez Goia | Emiliano Muratore | Xavier Beltrán Irureta | Antonio Procopio | Fernanda Paz Vásquez Mora, CFA