The opportunity for smallholder financing is enormous. Fewer than 10 percent of the nearly half billion of the world’s smallholder farmers operate in organized farmer groups that have benefited from agriculture financial services initiatives.
Grameen Foundation ran a blog series hosted by NextBillion (March 17-June 11, 2015) on the challenges and benefits of microfinance institutions utilizing mobile technology to serve their cli
Mobile health is a technology with enormous potential, just a fraction of which has been tapped so far. Among our efforts to realize this potential, the MOTECH program in Ghana is one of our proudest innovations.
This is a summary of our five-year report on the MOTECH Ghana project's experience using mobile technology to help reduce preventable maternal and child deaths.
In the fall of 2004, a small group of entrepreneurs attended a weekend gathering to discuss solutions for poverty alleviation. The result was Grameen Foundation’s Growth Guarantee program. Ten years later the program has been one of the most successful global efforts to unlock capital for microfinance clients.
Though mobile financial services offer microfinance institutions an important new channel to serve clients, their staff remain their most valuable asset. This is an important consideration for institutions as transitioning to mobile-based services will require all of their departments to navigate change.
Despite the large sums of money being poured into digital financial services around the world, enrollment and usage remain low and few services reach those who need them most. Grameen Foundation worked with two institutions that offer microfinance services in Uganda to help increase the adoption of digital services among current and potential clients.
With the rapid growth of mobile money services, financial providers are testing ways to use this distribution option. The infrastructure offered by mobile money operators allows financial services providers to reduce distribution costs and increase staff efficiency, while customers benefit from having more convenient and lower-cost financial access points.
Though agriculture is the main livelihood for most Kenyans, more than 75 percent of the country’s agricultural outputs are still produced by smallholder farmers on small plots of land using traditional technologies—and mainly for consumption rather than sale.