- How do unbanked women save money? The Guardian highlights several informal ways. A Kenyan grandmother, for example, acts as mobile money distributor for her large family.
- Thanks to a loan from FINCA, Tanzanian entrepreneur Mama Kapu opened a successful restaurant. In Kapu’s own words, “The loan let me become self-reliant.” Her business now employs five other women, who in turn financially support their families.
- New research from Ipsos shows that Nigeria leads Africa in both existing and potential ecommerce customers. The study indicates that faster delivery, better online payment security, and an option to pay in cash would further speed growth.
- Seeing the potential in ecommerce, Lagos-based Metro Africa Xpress (MAX) launched recently. MAX introduces last-mile delivery to urban Africa, delivering goods within three hours and hoping to pave the way for increased ecommerce and a stronger African economy.
- How can we accurately measure the success and impact of microfinance? The Grameen Foundation attempts to gauge the effectiveness of small loans with a study of six diverse communities around the globe. Though the results vary by region, most “studies find that access to microcredit leads to business expansion, although not necessarily to greater business profits.”
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