June 14, 2019
Following the successful piloting of financial education (FinEd) curricula in the coursework of three rural training centres (RTCs), the Anglican Church of Melanesia (ACoM) has announced the extension of FinEd across all its centres in Solomon Islands, a move that is expected to impact close to 800 tertiary students annually.
July 15, 2019
Many low-income working families in PNG struggle to manage everyday cash flow. A lack of savings to buffer against financial woes, such as emergency medical bills, traditional obligations, such as burials and other unexpected life expenses can drive families to resort to these moneylenders. Over time borrowers find it hard to break out of the recurring cycle of pay-day lending, often referred to as a loan trap.
March 27, 2019
By allowing youSave customers to use airtime credit to make installments into their micropension account, project partners are essentially leveraging an existing product for a new use case. With this in place, a youSave client can buy airtime credit, which they would normally use for making calls, send an SMS or for data, and make a deposit into their youSave account, using a simple three-digit USSD code.
March 22, 2019
Garanga RTC canteen that teachers and students have breathed new life into. PC: Olivia Vakaososo By Olivia Vakaosooso and Erica Lee Saving is no easy task. It takes goal setting, planning and discipline. When properly motivated and with the right tools,...
February 19, 2019
The need for a better measurement approach was the impetus for establishing the Impact Pathways project, pioneered by the UN Capital Development Fund (UNCDF) with conceptual and technical support from BFA. This project embraces a “pathways” approach to unpacking the felt benefits and development outcomes experienced by users of financial services. The key goal behind this approach is to take into account the whole set of financial products that low-income customers use, to understand all the ways they might use each of them, and to assess the benefits that they experience. This comprehensive assessment might ultimately help detect any improvement financial services have on a range of SDGs.