Kunnskapsfilm

Microfinance School > Banking the Unbanked

1,255 visninger

Serie: Microfinance School

  1. Banking the Unbanked

    15:16

    Microfinance institutions are now present in almost every country in the world, and are providing access to financial services to millions of people. In this film we look at typical microfinance tech-nologies and methodologies in three very different countries, but with similar needs. Access to fi-nancial services such as savings, loans and insurance is an important tool to help poor people smooth out the negative effects of little and fluctuating income.

  2. Human Capital

    13:34

    Access to money alone is often not enough to lift people out of poverty. In order to facilitate a social change you need be healthy and you need knowledge. In Human Capital we look at a holistic ap-proach to microfinance. Many microfinance institutions combine financial services with education and health programs with the aim of long-term social change. What are the benefits and what are the disadvantages of such an approach? How do you measure social change?

  3. Banking woman

    13:12

    Microfinance institutions traditionally have targeted women. They have proven to be more reliable debtors and the loans tend to bring more benefit to the whole family. A dollar to a woman is a dol-lar to the whole family, so to speak. In this film we focus on microfinance projects and/or institu-tions targeting women especially. How are these projects different from microfinance that targets both genders? How can access to financial services be an effective tool towards a gender equal soci-ety, both economically and socially?

  4. Best Practise: Miles for smiles

    07:59

    Katherine Kitongo identified a problem in Ugandan markets. The different stalls where often run by single mothers forced to bring their children to work with them. It is a double whammy; the children did not go to school and the mothers could not run their business as effective as they wanted to. Katherine's answer was Miles to Smiles, a daycare center for the children of the women in the mar-ket. And the fees for the daycare center? Katherine set up a loan and savings group for the mothers at the center.

    • 766 ganger avspilt

Beskrivelse

Microfinance institutions are now present in almost every country in the world, and are providing access to financial services to millions of people. In this film we look at typical microfinance tech-nologies and methodologies in three very different countries, but with similar needs. Access to fi-nancial services such as savings, loans and insurance is an important tool to help poor people smooth out the negative effects of little and fluctuating income.

We ask ourselves what to have for dinner today. A poor person would ask; do we have dinner today? Being poor means living a life in insecurity and without knowing whether or not the future expenses will be met.

“Microfinance” is often used to describe a variety of financial services targeted to poor and low-income people. In practice and historically, the term has often been used more narrowly referring only to loans. As the sector has developed, other services such as savings, transfer and insurance have been included. The providers of these services vary from NGOs to professionalized financial institutions. As a joint connotation, these organisations are often referred to and identify themselves as “microfinance institutions” (MFIs). These institutions commonly tend to use new methods developed over the last 30 years to deliver very small loans to unsalaried borrowers, taking little or no collateral. These methods often include group lending and liability, pre-loan savings requirements, gradually increasing loan sizes, and an implicit guarantee of ready access to future loans if present loans are repaid fully and promptly. Further and during the past years, there has been increasing implantation of savings’ groups where the members borrow from their internal savings. The external organistation trains the group in managing the savings and their internal loan-fund.

More broadly, microfinance refers to a movement that envisions a world in which low-income households have permanent access to a range of high quality financial services to finance their income-producing activities, build assets, stabilize consumption, and protect against risks. Though microfinance is about financial services the aim is to use these services to develop and for the poor to work their way out of poverty creating a future with less insecurity for themselves and their families.