The International Finance Corporation (IFC), a member of the World Bank Group, recently commissioned “The South Asia Deposit Assessment” studies. Conducted by MicroSave, an India-based technical assistance, training and resource center for microfinance, the project seeks to improve the understanding of the demand and supply of savings products for low-income individuals in Bangladesh, India, Nepal and Sri Lanka.
The reports underline the regulatory and operational difficulties faced by financial institutions and mobile banking platforms that aim to serve the low-income client segment in these countries.
The full reports are available via the following links:
By Hajar Elaalej, Research Associate
About International Finance Corporation (IFC): A member of the World Bank Group, the International Finance Corporation (IFC) offers loans, equity investments, advisory services and technical assistance to private companies with the intent of alleviating poverty and promoting open and competitive markets in developing countries. As of 2011, IFC has 182 member countries that drive its policies and approve disbursements. As of June 30, 2010, IFC reports net income of USD 1.75 billion, total assets of USD 61 billion, return on assets of 3.1 percent and total investment mobilization of USD 18.4 billion to 528 projects.
About MicroSave: Established in Uganda with United Nations funding in 1998, MicroSave is a for-profit technical assistance, training and resource center that is now headquartered in Lucknow, India. In 2008, MicroSave was transformed into a consulting company, which has since completed projects in Cameroon, Congo, Ethiopia, Ghana, Kenya, Malawi, Nigeria, South Africa, Tanzania, Uganda and Zambia.
Source and Additional Resources:
Press Release submitted to MicroCapital by IFC in June 2011
MicroCapital Brief, June 9, 2011, “International Finance Corporation (IFC) to Loan $4m to AccessBank of Tajikistan for Expansion of Loan Portfolio, Movement Toward Deposit-Taking”, https://www.microcapital.org/microcapital-brief-international-finance-cor…
MicroCapital Brief, May 31, 2011, “ ‘No Thrills: Dormancy in NFA accounts,’ by Ann-Byrd Platt, Akhilesh Singh, Sachin Bansal, Anurodhi Giri, Akhand J tiwari re ‘No Frill’ Microfinance Accounts”, https://www.microcapital.org/microcapital-brief-india%E2%80%99s-microsave-publishes-%E2%80%9Cno-thrills-dormancy-in-nfa-accounts%E2%80%9D-by-ann-byrd-platt-akhilesh-singh-sachin-bansal-anurodh-giri-akhand-j-tiwari-re-no/
MicroCapital Universe Profile: International Finance Corporation (IFC), https://www.microcapital.org/microfinanceuniverse/tikiindex.php?page=International+Finance+Corporation+%28IFC%29
MicroCapital Universe Profile: MicroSave, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=MicroSave
Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/
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