This case study presents work done with CARD Bank in the Philippines as part of a larger savings mobilization project with Grameen Foundation to introduce a new type of savings product and expand CARD’s market share to poor savings clients.
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This case study illustrates the use of data analytics - including the use of the Progress out of Poverty Index® - to strengthen CARD Bank's savings strategy. It outlines the business questions that were asked and the client insights they gleaned, as well as how this information is being used to change produce design and delivery.
For over 30 years, microfinance institutions (MFIs) have been successfully serving some of the poor and poorest people around the world, primarily with credit products. Generally however, MFIs grapple to successfully add savings services to their portfolio of financial products.
The capability of their staff is perhaps the single most important resource microfinance institutions (MFIs) have for meeting the challenges of reaching more people, while navigating financial, regulatory, political, competition and other issues.
Grameen Foundation’s holistic approach to microsavings provides the framework and tools to develop and offer convenient, accessible, and secure poverty-focused savings programs while building sound financial, organizational, and operational practices that help transform microfinance institutions (MFIs) from credit-led to demand-driven institutions.
Targeting and selecting groups for social development programs based on poverty levels can be a powerful first step in achieving greater impact. However, the complex nature of poverty often leads to processes that are accurate, but extremely customized, making it difficult to make comparisons across projects and geographies. This paper presents a methodology that aims to address both these issues.
Effective data analytics is essential for meeting the bottom line, and is even more critical when you are trying to meet a double bottom line. This case study examines how PT Ruma – a social enterprise based in Indonesia – is using social and business data to change its business practices.
This is not volunteerism for the sake of volunteerism, but rather a new business model for solving some of the real problems impeding the scale, sustainability, and impact of microfinance and T4D initiatives. A greater and more strategic use of volunteers can help the field to realize, more rapidly, strategic and operational improvements.
In Measuring the Impact of Microfinance: Taking Another Look, Odell examines studies which have demonstrated that microfinance helps poor people better cope with financial shocks that often upend their lives. It also addresses the difficulties in isolating microfinance’s impact from the myriad forces at play in poor people’s lives.
Rajkumari lives in northern India in a small mud-thatched hut with her husband, four children, two daughters-in-law and grandchildren. She provides for her family by weaving thread. Rajkumari had wanted to put her very small savings aside for future expenses, but without a savings account, she often spent it instead.