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Challenges of Innovative Financial Inclusion Funder´s Perspective Edvardas Bumsteinas EIB. WHY INNOVATE?. Geographical concentration; Contrasts in physical outreach of the financial system; Financial self-sufficiency cannot be taken for granted; Demand for insurance largely unmet; - PowerPoint PPT Presentation
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[email protected] www.e-mfp.eu
Challenges of Innovative Financial Inclusion
Funder´s Perspective
Edvardas Bumsteinas
EIB
[email protected] www.e-mfp.eu
WHY INNOVATE?
Geographical concentration; Contrasts in physical outreach of the
financial system; Financial self-sufficiency cannot be taken for
granted; Demand for insurance largely unmet; Rural areas are barely served.
[email protected] www.e-mfp.eu
EIB in Microfinance
Total investments of ca EUR 175m in ACPs; Focus on greenfields (Access, Advans); Capacity building TA EUR 20m in the last 2
years; Local currency debt funds (REGMIFA; RIF I &
II, FEFISOL); LeapFrog Microinsurance Fund.
[email protected] www.e-mfp.eu
Challenges and Opportunities
Reputational issues; Smart regulation; Social performance standards for MIVs; Capacity building assistance; The importance of technology.
