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

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See 2021 Scale2Save Learning Paper on Making Microinsurance Work

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Financial News & Views October 2021 Edition

WSBI ESBG

Month: July 2020

WSBI and ESBG produce a quarterly publication covering the latest news from the two associations as well as insight pieces from leaders in the savings and retail banking world. We also produce periodic brochures and reports.

WHAT’S INSIDE?
Sustainable Finance: it’s complicated (page 1)
Basel on my mind (page 2)
Not an era of change, but the change of an era (page 3)
Europe, inspire the world! (page 4)
Scale2Save partners go from competition to collaboration (page 5)
Green bonds – no time to die (page 6

READ THE DIGITAL VERSION

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

>> Discover: Scale2Save

​>> Read: Full story at News & Views magazine (page 46) 

>> See: Scale2Save youth research ​| Young people ​​in Africa savings pattern​s

 
 

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.

>> Discover: Scale2Save

​>> Read: Full story at News & Views magazine (page 46) 

>> See: Scale2Save youth research

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