40 likes | 136 Views
Explore the challenges and opportunities of innovative financial inclusion from the viewpoint of funders. Discover insights on geographical concentration, physical outreach, self-sufficiency, microinsurance demand, and serving rural areas.
E N D
Challenges of Innovative Financial Inclusion Funder´s Perspective Edvardas Bumsteinas EIB
WHY INNOVATE? • Geographical concentration; • Contrasts in physical outreach of the financial system; • Financial self-sufficiency cannot be taken for granted; • Demand for insurance largely unmet; • Rural areas are barely served.
EIB in Microfinance • Total investments of ca EUR 175m in ACPs; • Focus on greenfields (Access, Advans); • Capacity building TA EUR 20m in the last 2 years; • Local currency debt funds (REGMIFA; RIF I & II, FEFISOL); • LeapFrog Microinsurance Fund.
Challenges and Opportunities • Reputational issues; • Smart regulation; • Social performance standards for MIVs; • Capacity building assistance; • The importance of technology.