the mif blog

Stories of inspiring entrepreneurs and organizations, discussion and commentary of new trends in private sector development, and the latest events and publications.

¿Cuál es el impacto del microseguro?

By Shoshana Grossman-Crist


Hace poco el Fondo para la Innovación en Microseguros de la OIT publicó un Enfoque Emergente sobre el impacto de los microseguros en los clientes. En el mismo resumieron una serie de impactos clave obtenidos de una revisión de 38 estudios. Entre otros, resaltamos el siguiente:

El acceso y uso del microseguro está asociado a menores gastos de bolsillo, menor dependencia de estrategias incómodas para enfrentar un imprevisto, mayores inversiones en agricultura, al uso creciente de servicios de asistencia médica y a mejores resultados respecto a la salud. Si bien los estudios ofrecen evidencia mixta, la revisión muestra que el microseguro logra “marcados resultados positivos bajo condiciones específicas”.

Economía del Comportamiento, Clave para la Educación Financiera

By Andrea Reyes Hurtado

Los aspectos sicológicos no sólo son claves a la hora de diseñar un producto de ahorro, sino también juegan un rol fundamental en la educación financiera. Siempre he dicho que la educación financiera es un concepto muy amplio que puede significar todo un programa detallado sobre diferentes temáticas financieras, como puede también referirse a algunas charlas cortas que entregan las instituciones financieras a sus clientes. Por lo cual, es importante definir el objetivo que se busca cuando se decide desarrollar e implementar un programa o estrategia de educación financiera: ¿Se busca promover la inclusión financiera o se busca una mejor toma de decisiones financieras? 

Este post fue publicado en el blog de Pro-Savings. English version available here

Stuck on how to get involved in microinsurance?

By Shoshana Grossman-Crist


Does this sound familiar? Over the last few months, you and your colleagues have had a number of discussions on getting involved in microinsurance. Clear data on its benefits to clients is flowing in— maybe you read the ILO’s review on the impact of microinsurance and accompanying infographic.  Evidence on the viability of business models is becoming stronger— perhaps you saw Craig Churchill and Michael McCord’s presentation on “the magical balance” from the International Microinsurance Conference last November. Yet even as the fundamental role that microinsurance plays in financial inclusion and protection of low-income people is becoming clearer, the gap in coverage persists. In Latin America and the Caribbean, 350 million low-income people do not have insurance.

Building up biz in the Caribbean: investigating demand for microcredit

By Ryan Tang

Despite efforts from microfinance practitioners and donors to develop microfinance in the Caribbean, uptake of formal microcredit has lagged behind expectations in some cases. Meanwhile, anecdotal evidence indicates that many microentrepreneurs continue to use informal financing alternatives, such as rotating savings and credit associations (ROSCAs), moneylenders, and supplier credit. This raises important questions about the potential for microfinance in the Caribbean. Why do some microentrepreneurs still turn to informal mechanisms instead of formal microcredit to finance their business? What characteristics of financing are most important to Caribbean microentrepreneurs? 

The Savings Group Revolution

By Guest


Photo from Ashe's 2013 publication Deep Outreach Financial Inclusion

A blog written by Jeffrey Ashe, Adjunt Associate Prof. Brandeis and Columbia University. 

Vea la versión en español del blog en el blog de ProAhorros

The market for better financial services is vast. More than two billion people worldwide could benefit from a better way to save and borrow. Institutional microfinance has made an important dent in that demand; outreach has grown to 200 million borrowers in just thirty years. Except in a handful of countries, however, eight of ten of the poorest are not using banks, microfinance institutions and credit unions, even in Latin America. They are villagers and slum dwellers whose needs for saving and borrowing are too small for financial institutions to make a profit.  They need a safe convenient place to save more than they need a loan, and their needs focus more on meeting their daily expenses than on business development.

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