Microfinance and innovation in Africa’s cities
Panel event featuring examining the challenges of microfinance and debating preliminary research findings from the DEGRP project Inclusive Growth: Improving Microfinance to Support Growth and Innovation in Micro-Enterprise.
Microfinance is now a major supplier of financial services to millions of people in the emerging world. Yet there are major concerns about its reach and regulation, as well as its impact on economic growth, poverty reduction and indebtedness.
For many urban micro-enterprises, access to finance depends on a range of informal or semi-formal savings and borrowing institutions. These institutions have a multiplicity of regulators and limited oversight. Meanwhile, innovation is rapid, from urban self-help groups to mobile phone savings and borrowing. What protection do micro-enterprises need? How can (formal) institutions learn from innovation on the ground?
This event brought together key policymakers from Ethiopia, Kenya, Rwanda and Tanzania. They examined the challenges of microfinance and debated preliminary research findings from the DEGRP project led by Cardiff University, ‘Inclusive Growth: Improving Microfinance to Support Growth and Innovation in Micro-Enterprise’.
Catch up via: