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.

Arranca campaña en redes sociales #QuéCambiarías

By Claudia Moreno

La semana pasada iniciamos las celebraciones del vigésimo aniversario del FOMIN con la campaña en redes sociales "#QuéCambiarías".  La idea es simple, las personas que están activas en redes sociales nos pueden escribir lo que ellos cambiarían para mejorar su vida y la de su comunidad, o también nos lo pueden compartir a través de una foto o un video. Lo único que necesitan es utilizar el hashtag #Quécambiarías.

Recognizing excellence in Caribbean microfinance

By Ryan Tang

A Microfinance Start-up Becomes Front-runner, Client Protection, and ‘Very, Very Good Sauce’

On the evening of October 31, 2013, microfinance stakeholders from around the Caribbean gathered at the Courtleigh Hotel in Kingston, Jamaica to participate in the second annual Citi Microentrepreneurship Awards for the Caribbean, sponsored by Citi Foundation and the Multilateral Investment Fund under the auspices of the Caribbean Microfinance Capacity-Building Project II. The Excellence in Microentrepreneurship in Suriname award was presented to Mr. Jurgen Boodie, owner of Restaurant JiJi’s, the Excellence in Microfinance Product Innovation award was won by Access Financial Services in Jamaica, and La Inmaculada Credit Union in Belize emerged as the winner of the Excellence in Microfinance Transparency award. As a few of the speakers noted, there is something special about gathering microfinance stakeholders in one place and recognizing the accomplishments of the best.

Pobreza: Del plato a la boca, cae la sopa

By Shoshana Grossman-Crist

Del plato a la boca, cae la sopa: Tres ingredientes para hacerla llegar

El pasado 29 de septiembre, durante el panel de Pobreza que formó parte del forito Sesiones de Aprendizaje en Microseguros: Latino América y el Caribe” en Guadalajara, México se vio claramente que el dicho mexicano “Del plato a la boca, cae la sopa” resulta apropiado para describir el proceso de comercialización de los microseguros. . Incluso con un microseguro bien diseñado, puede ser difícil hacerlo llegar “a la boca” de las poblaciones más pobres. 

Microfranchise model project with Yamaha Motors Co. in Suriname

By Yukari Shibuya

Japanese version available.  日本語版は下記にあります。

I had the opportunity to visit Suriname to see the implementation of a MIF project to create new jobs for Maroon people  living in the interior of Suriname.  The project partners are Yamaha Motors Corporation Ltd. of Japan and FOB, a local NGO. Suriname is a country with a diverse mix of cultures – Afro-indigenous, Indian, Chinese, Indonesian, Dutch-speaking.  And I was surprised to find a strong presence of Japanese companies in the country – in addition to the project partner, Yamaha Motors.

The power of design: how the right tweaks can make a difference for remittance clients

By Rebecca Rouse

You may think you’ve seen it all, but you’ve never seen anything like Living Wallet. This product concept from a team of Japanese designers is taking savings and control to a new level.    

The idea behind Living Wallet is that even though it’s difficult to save, a well-designed product can help you maintain your savings goals when temptation calls. The wallet is linked to a phone app that tracks your bank account balance. When your balance dips and you reach for your wallet to purchase something, the wallet literally runs away from you and evades your hand. If you’re quick enough to catch it, it begins to scream and cry for help.