Scale2save webinar: Making microinsurance work 2020
Scale2Save Campaign
Micro savings, maximum impact.
Based on Scale2Save partners' case studies, this learning paper explores the challenges for micro-insurance uptake for low-income customers, and presents solutions and opportunities.
BRUSSELS, 23 July 2020 – Kiereini Kirika from Microensure on 17 June shared his insights on making microinsurance work for financial institutions during a special webinar hosted by the Scale2Save programme, a partnership between WSBI and the Mastercard Foundation to help estabilish the viability of small-scale savings in six African countries.
The 45-minute video captures the talk by Mr. Kirika, who presented to Scale2Save partners. An in-depth Q & A session followed his presentiation. Participants gained knowledge on the opportunities and benefits of driving microinsurance take up and use for low-income clients. Partner financial institutions and experts joining the webinar came from the Scale2Save Programme, Savings at the Frontier and the Savings Learning Lab.
See the video, with French subtitles, below or on YouTube
See 2021 Scale2Save Learning Paper on Making Microinsurance Work
Scale2Save
25/09/2023
WSBI as a catalyst for unlocking the potential of female entrepreneurs
13 October 2023, 9.30am-12pm Hôtel Du Golf Rotana Palmeraie, Marrakech I Morocco
01/03/2023
The State of Savings and Retail Banking in Africa
The WSBI has conducted two research reports tracking the progress of retail and savings banks in their financial inclusion efforts across Africa (2018, 2019).
22/02/2023
Driving Formal Savings: What Works for Low-Income Women?
While financial inclusion is expanding globally, the gender gap in access to financial services and products persists
19/12/2022
What a journey it has been!
Between 2016 and 2022 Scale2Save financially included more than 1.3 million women, young people and farmers in Kenya, Uganda, Nigeria, Morocco, Senegal and
14/12/2022
The financial diaries revealed useful insights into young people’s savings, spending and income behavior
It examines their experience in respect to financial inclusion, support structures and opportunities for young entrepreneurs
09/12/2022
The Power of Community-Based Organizations to Mobilize Farmers’ Savings
In Ivory Coast, the world’s largest cocoa producer, cocoa is harvested twice a year, in May-June and in October-December. Between seasons, most smallholder farmers do not generate revenue
15/11/2022
How Can Small Scale Savings Be Offered Sustainably?
Learnings from the Scale2Save Program on successful business and institutional models
15/11/2022
Application of CGAP Customer Outcomes Framework in Uganda
This case study by WSBI's Scale2Save programme applied the CGAP customer outcome indicator framework to test the impact of a new basic savings product positioned in the financial inclusion market and…
10/11/2022
Driving formal savings: What works for low-income women
Gender-inclusive products need to be designed with low-income women’s needs in mind. Yet, the real question remains: What services do female customers value, prioritize and need? This learning paper…
10/11/2022
The art of change
Leaning paper by WSBI's Scale2Save programme for financial inclusion in Africa. A practical approach to changing behaviors of financial service providers for more meaningful outreach to low-income…
Giving & receiving: Financial flows between young people, their parents
Scale2Save Campaign
Micro savings, maximum impact.
On the occasion of World Savings Day 2021, Tanzania Commercial Bank Plc (TCB), a WSBI member and learning partner of its programme for financial inclusion, Scale2Save, shared the experience of working with savings groups in rural areas. TCB developed the digital product M-KOBA to address five main challenges savings groups face. Now, TCB is taking M-KOBA further by targeting Village Savings and Loans Associations.
Further insights on Scale2Save youth research in Africa
>> Read: Full story at News & Views magazine (page 46)
>> See: Scale2Save youth research | Young people in Africa savings patterns
BRUSSELS, 29 July 2020
The following piece by Guy Stuart, Executive Director, Microfinance Opportunities, is scheduled to appear in the NextBillion blogsite. Based at the William Davidson Institute at the University of Michigan, NextBillion is an open forum for the development through enterprise sector.
Last year I was part of a team that conducted a Financial Diaries study of young people in Morocco, Nigeria, and Senegal as part of a comprehensive research on ‘Young People in Africa’ that was conducted on behalf of the Scale2Save Programme — a partnership initiative between the World Savings and Retail Banking Institute (WSBI) and the Mastercard Foundation. The team has produced a comprehensive report on our findings, but we also wanted to share some of what we learned in more accessible blogs and draw out the implications for the time of Covid-19. This is the first of three blogs coming out of that study.
Young people in Morocco, Nigeria, and Senegal tend to live in their parents’ home until around 25 years of age. Young people maintain a strong connection to their parents when still living at home, and that bond doesn’t go away when living away from home. In this context, parents often provide financial and other support to their children. But is this always the case? What can financial service providers and financial inclusion promoters learn from the Scale2Save-commissioned diaries studies conducted in Morocco, Nigeria, and Senegal?
In this study we asked participants to tell us about any support they had given or received from various members of their family, as well as friends and neighbours. The answers suggest a complex, dynamic interplay between parents and their children that extend beyond a one-way dependency of young people on their parents, especially among the Morocco sample of young people.
In the face of the Covid-19 pandemic and the lockdowns it entails, opportunities for young people to earn money have been hit hard. At the same time their parents are facing similar challenges. We do not know the ultimate impact of the pandemic on families, but the diaries data suggest that it will play out not only through the effect of the pandemic on the economic activities of individual family members but also through its effect on the economic relationships among family members.
Scale2Save
25/09/2023
WSBI as a catalyst for unlocking the potential of female entrepreneurs
13 October 2023, 9.30am-12pm Hôtel Du Golf Rotana Palmeraie, Marrakech I Morocco
01/03/2023
The State of Savings and Retail Banking in Africa
The WSBI has conducted two research reports tracking the progress of retail and savings banks in their financial inclusion efforts across Africa (2018, 2019).
22/02/2023
Driving Formal Savings: What Works for Low-Income Women?
While financial inclusion is expanding globally, the gender gap in access to financial services and products persists
19/12/2022
What a journey it has been!
Between 2016 and 2022 Scale2Save financially included more than 1.3 million women, young people and farmers in Kenya, Uganda, Nigeria, Morocco, Senegal and
14/12/2022
The financial diaries revealed useful insights into young people’s savings, spending and income behavior
It examines their experience in respect to financial inclusion, support structures and opportunities for young entrepreneurs
09/12/2022
The Power of Community-Based Organizations to Mobilize Farmers’ Savings
In Ivory Coast, the world’s largest cocoa producer, cocoa is harvested twice a year, in May-June and in October-December. Between seasons, most smallholder farmers do not generate revenue
15/11/2022
How Can Small Scale Savings Be Offered Sustainably?
Learnings from the Scale2Save Program on successful business and institutional models
15/11/2022
Application of CGAP Customer Outcomes Framework in Uganda
This case study by WSBI's Scale2Save programme applied the CGAP customer outcome indicator framework to test the impact of a new basic savings product positioned in the financial inclusion market and…
10/11/2022
Driving formal savings: What works for low-income women
Gender-inclusive products need to be designed with low-income women’s needs in mind. Yet, the real question remains: What services do female customers value, prioritize and need? This learning paper…
10/11/2022
The art of change
Leaning paper by WSBI's Scale2Save programme for financial inclusion in Africa. A practical approach to changing behaviors of financial service providers for more meaningful outreach to low-income…