TOPICS
- Investment & Funding for Impact
FIW Year
- 2024
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Summary + Key Findings
Incofin leverages MFI Index data to enhance financial inclusion, driving impactful investments while fostering community engagement and transparency.
- 🌐 Community-Centric Approach: Listening to end clients helps align investments with real needs, ensuring that financial institutions remain responsive to their communities. This builds trust and demonstrates commitment to social responsibility.
- 🔍 Impact Measurement: Using standardized surveys aids in collecting unbiased data, enabling investors to track performance and make informed decisions. This fosters a culture of transparency and continuous improvement.
- 📉 Addressing Gender Gaps: Disaggregating data by gender reveals critical insights, leading to tailored financial products that better serve women. This approach supports inclusive financial strategies.
- 🛠️ Actionable Strategies: Engaging with investees to develop specific action plans based on survey findings encourages proactive improvements and demonstrates a commitment to client welfare.
- 🔄 Adaptability to Change: The need for regular check-ins on client experiences highlights the dynamic nature of financial ecosystems, allowing organizations to pivot and adapt as required.
- 🔒 Data Privacy Commitment: Ensuring the protection of borrower data enhances trust and compliance, positioning organizations as responsible stewards of sensitive information.
- 📉 Risk Mitigation: Identifying and addressing client misunderstandings about loans and terms is essential for maintaining operational sustainability and improving client outcomes.
This session summary was AI-generated using NoteGPT.
Watch Session:
The ultimate goal of financial inclusion is greater and more equitable prosperity for all stakeholders, most of all the end-client. And as we attempt to expand access to financial services and create a measurable, positive impact on the lives of underserved communities around the world, we need to keep the evolving needs and challenges of these communities front and center.
In this 30-min session, we’re excited to present to you insights from the Microfinance Index – an initiative where impact investors, foundations, financial service providers, and policy makers have come together to listen directly to the lived experiences 75,000+ microfinance borrowers around the world. Pranav Sridhar from 60 Decibels, the social impact measurement company that conducts the Index each year will be interviewing Ben Wallingford, an investment manager & member of the ESG & Risk team at Incofin Investment Management. Ben will share practical examples of how his team turns the MFI Index data coming from end-clients into actions for increased impact. Tune in to learn more!
Session Speakers
FIW REsources
Explore Financial Inclusion Week sessions from previous years.
Hosted annually by the Center for Financial Inclusion, FIW brings together global leaders to exchange ideas, share research, and offer perspectives to inform the future of inclusive finance.