Paper

Resilience: The State of the Microcredit Summit Campaign Report, 2014

How can the different actors in the financial ecosystem help to build resilience?

The 2014 report highlights the roles that actors in the financial ecosystem can play in promoting the frameworks, systems, partnerships and strategies that deliver the types of products and service that help build resilience. These include:

  • Microfinance providers: Partnering with health and other development sectors to help clients avoid or withstand shocks;
  • Commercial & Social Businesses: Building value chains that include rural producers;
  • Mobile Network Operators: Developing digital payments systems that connect savings groups and other aggregation points in remote rural areas to banks offering a range of financial products;
  • Regulators and Policy Makers: Promoting a financial inclusion ecosystem that reaches those in extreme poverty;
  • Government Social Welfare Programs: Linking CCTs to graduation programs and digital finance.

The report calls for greater use of poverty measurement tools to be able to identify the challenges faced by those living in extreme poverty and the types of products and services they find most helpful in building resilience. It places the role of financial service providers within the context of the larger call from USAID, the World Bank and the UN to end extreme poverty by 2030, and calls for those involved in providing financial services to commit to specific actions they can take to build and expand pathways out of poverty.

About this Publication

By Reed, L., Marsden, J., Ortega, A., Rivera, C. & Rogers, S.
Published