Author: Carol Realini
Publisher: FriesenPress
ISBN: 1460265521
Category : Business & Economics
Languages : en
Pages : 128
Get Book Here
Book Description
As incredible as it may seem in this hyper-connected, technologically advanced era, half the planet's population exist as "Financial nomads"-those who nourish and shelter themselves without using traditional banking services. While the wealthy live at the top of a metaphorical pyramid, taking financial security and banking services for granted, there are billions of people who struggle at the pyramid's base in an exhausting state of financial exclusion and insecurity. Times are changing rapidly, but despite global uncertainty, technology has the capacity to reach and equip people in all walks of life. Advances in communications have reconfigured the ease with which we interact with our money-and these advances can provide innovative financial services to the unbanked and underserved around the world. Financial inclusion for all is indeed within our reach, and with this conviction, authors Karl Mehta and Carol Realini propose a vision for a better world and a blueprint to get there....
Author: Catalina Martínez Gutiérrez
Publisher:
ISBN:
Category :
Languages : en
Pages : 77
Get Book Here
Book Description
Microfinance has played a key role in including the poor in financial markets. This paper uses microfinance data to approximate financial inclusion in the poorer segments of the population and proposes a quantile regression approach to study the development of microfinance markets. Our approach accounts for the dynamic and heterogeneous impacts that key drivers may have across different stages of market development. It also allows us to go beyond correlations and gets us closer to identifying causal relationships. Our key findings indicate that: i) Microfinance markets are more responsive to the needs of the bottom of the pyramid than to potential growth opportunities. ii) Enabling institutions that provide credit information become increasingly important with higher market complexity. iii) Formal financial development is a complement of microfinance development. iv) Technologies can help to overcome market entry barriers, and to enable a higher inclusion in markets with a high degree of complexity. Our results could help policymakers and investors better understand and influence financial inclusion at the bottom of the pyramid across different stages of market development.
Author: C. K. Prahalad
Publisher: Pearson Prentice Hall
ISBN: 0131877291
Category : Business & Economics
Languages : en
Pages : 305
Get Book Here
Book Description
The world's most exciting, fastest-growing new market is where you least expect it: at the bottom of the pyramid. Collectively, the world's billions of poor people have immense untapped buying power. They represent an enormous opportunity for companies who learn how to serve them. Not only can it be done, it is being done--very profitably. What's more, companies aren't just making money: by serving these markets, they're helping millions of the world's poorest people escape poverty. C.K. Prahalad's global bestseller "The Fortune at the Bottom of the Pyramid," now available in paperback, " "shows why you can't afford to ignore "Bottom of the Pyramid" (BOP) markets. Now available in paperback, it offers a blueprint for driving the radical innovation you'll need to profit in emerging markets--and using those innovations to become more competitive "everywhere." This new paperback edition includes eleven concise, fast-paced success stories from India, Peru, Mexico, Brazil, and Venezuela--ranging from salt to soap, banking to cellphones, healthcare to housing. These stories are backed by more detailed case studies and 10 hours of digital videos on whartonsp.com. Simply put, this book is about making a revolution: building profitable "bottom of the pyramid" markets, reducing poverty, and creating an inclusive capitalism that works for "everyone." Preface xi About the Author xix Part I: The Fortune at the Bottom of the Pyramid 1 Chapter 1: The Market at the Bottom of the Pyramid 3 Chapter 2: Products and Services for the BOP 23 Chapter 3: BOP: A Global Opportunity? 47 Chapter 4: The Ecosystem for Wealth Creation 63 Chapter 5: Reducing Corruption: Transaction Governance Capacity 77 Chapter 6: Development as Social Transformation 99 Part II: Business Success Stories from the Bottom of the Pyramid 113 Financing the Poor 115 Aravind Eye Care-The Most Precious Gift 131 Energy for Everyone 137 Agricultural Advances for the Poor-The EID Parry Story 149 Retail for the Poor 159 Information Technology to the Poor 169 The Jaipur Foot Story 187 Health Alerts for All 191 Transparent Government 201 The Annapurna Salt Story 213 Homes for the Poor-The CEMEX Story 221 From Hand to Mouth-The HHL Soap Story 235 Part III: On the Web at Whartonsp.com Video Success Stories Casas Bahia CEMEX Annapurna Salt Hindustan Lever Jaipur Foot Aravind Eye Care ICICI Bank ITC e-Choupal EID Parry Voxiva E+Co/Tecnosol Andhra Pradesh Full Success Case Stories in pdf format The Market at the Bottom of the Pyramid Known Problems and Known Solutions: What Is the Missing Link? Known Problems and Unique Solutions Known Problems and Systemwide Reform Scaling Innovations Creating Enabling Conditions for the Development of the Private Sector The EID Parry Story Biographies of the Researchers/Writers of the Success Case Stories from "The Fortune at the Bottom of the Pyramid" 247 About the Video Success Stories 255 Index 257
Author: Anubha Vashisht
Publisher:
ISBN:
Category :
Languages : en
Pages : 10
Get Book Here
Book Description
In India it has been observed the weaker section has always been kept away from the banking fold because of their lower income and poor banking awareness. The weaker section is always in dearth of credit facilities at affordable cost and at the time of their need. The Indian Financial System is considered to be one of the best in the world yet the financial awareness and the availability of financial services is very less in the rural parts of India and especially to the weaker section, globally referred to as 'bottom of Pyramid'. This segment needs financial assistance in order to sail them out of their conditions of poverty. Financial inclusion is intended to connect people to banks with consequential benefits. Financial Inclusion includes credit facilities, financial awareness, and knowledge about banking facilities and most importantly makes them financially literate.This paper intends to study the role of financial inclusion in bringing social change and alleviating poverty. It will study the measures taken by banks in rural areas to uplift the weaker segment and study the perception of the target segment regarding these measures. And lastly to suggest a model that will increase the efficiency of banks in this regard.
Author: Mostafa Mohamad
Publisher:
ISBN:
Category :
Languages : en
Pages : 33
Get Book Here
Book Description
Mobile Financial service is one of the cutting edge movements to bank the unbanked by integrating donor and enterprise market approaches for financial inclusion. In this paper, we address how to integrate Donors-Led Value Chain and Enterprises-Led Value Chain to get a sustainable impact on the unbanked micro-entrepreneurs. However, each has advantages and disadvantages as they go along the stages of design, implementation, and sustainability. Using the BoP perspective, we argue that the Bottom of the Pyramid Value Chain mixes up the relatively high start up capabilities of Donor-Led Value Chain with the relatively wider impact of Enterprise-Led Value Chain. Further, it enables both donors and enterprises to develop a reconciled balanced scorecard to collect relevant and up-to-date information about economic returns, social benefits and local impact. Such integration guarantees flexible long term investments and help innovating new services.
Author: Allen L. Hammond
Publisher: World Resources Institute
ISBN:
Category : Basic needs
Languages : en
Pages : 164
Get Book Here
Book Description
Considers the four billion low-income consumers which constitute the majority of the world's population, and how to better meet their needs, increase their productivity and empower their entry into the formal economy.
Author: Elizabeth Rhyne
Publisher: McGraw Hill Professional
ISBN: 0071713654
Category : Business & Economics
Languages : en
Pages : 352
Get Book Here
Book Description
What promise did Sequoia Capital recognize in SKS microfinance (India) that it had also seen in Apple, Oracle, and Google? Why would Vodafone help distribute money via cell phones for millions of Kenyans? How did a Mexican retailer create a financial-services empire, Banco Azteca, that would serve eight million borrowers in five years? From its origins as a nonprofit poverty alleviation strategy, microfinance has become a viable business model for providing financial services to the poor in ways that allow for both social responsibility and profit, even in the midst of economic turmoil. Longtime microfinance expert Elisabeth Rhyne and her team guide readers through the landscape of financial-inclusion opportunities, providing lessons from companies around the world that are leading the way in earning profits while addressing global poverty. Microfinance for Bankers and Investors reveals: Changes in the market allowing for increased private investment in microfinance New technologies and delivery channels that reduce costs for small transactions Proven ways to overcome the unique challenges of serving customers at the bottom of the pyramid Innovative products for grassroots finance, such as mobile phone banking and microinsurance The extraordinary social value and business sustainability of microfinance Microfinance for Bankers and Investors breaks new ground by showing how microfinance attracts top organizations to engage in double and triple bottom-line business activities. With deep insight and clear vision, it examines the unique opportunities and challenges of providing financial services for low-income people. Inclusive finance gives companies the prospect of aligning social values with long-term business strategies. Microfinance for Bankers and Investors offers the facts and insights you need to enter this fast-growing market with confidence.
Author: Marlen Gabriele Arnold
Publisher: Routledge
ISBN: 0429754140
Category : Business & Economics
Languages : en
Pages : 134
Get Book Here
Book Description
The Innovation and Sustainability in Base of the Pyramid Markets series comprises four volumes, covering theoretical perspectives, themes, and various aspects of interest across four key geographical regions where Base of the Pyramid (BOP) markets are located – Latin America, Asia, Africa, and affluent countries. This book focuses on the BOP markets in Asia, and in particular the challenge of how to address the needs of deprived population groups in a sustainable manner. Base of the Pyramid Markets in Asia deals with, amongst other topics, the innovation and innovativeness that is necessary to better the life of resource-poor population groups. The book covers various themes and aspects of BOP markets in Asia and their embeddedness in socio-cultural settings, and adopts a variety of theoretical angles for analysing the phenomena. Thus, this book aims at furthering our understanding of BOP markets in Asia and at deriving valuable recommendations for managers and policy makers. BOP markets face unique challenges and private sector actors alone cannot ensure sustainable value creation activities. Multidimensional elements and factors are needed to alleviate poverty and create economic development aligned with principles of sustainable development. Therefore, the book comprises critical and empirical studies as well as conceptual papers on the challenges linked to BOP markets in Asian countries. This book is recommended reading for managers and policy makers, as well as students and academics interested in Base of the Pyramid markets.
Author: Howard Thomas
Publisher: Emerald Group Publishing
ISBN: 1789737796
Category : Business & Economics
Languages : en
Pages : 152
Get Book Here
Book Description
The book outlines a journey from enabling models of government and business to strategies for creating both financial and social inclusion and entrepreneurism as mechanisms for sustainable and inclusive growth.
Author: Jatinder Handoo
Publisher:
ISBN:
Category :
Languages : en
Pages : 13
Get Book Here
Book Description
Financial inclusion is one of the top most policy priorities of the Government of India. Ever since the UPA government has come into power in the center, one of the most visible aspects of the governance has been agenda of social inclusion of which financial inclusion is an integral part. Taking cue from the state proclivity towards inclusive growth agenda, the Reserve Bank of India (RBI) has taken a proactive role in ushering the enabling environment for expediting financial inclusion across length and breadth of the country through bank led model. To reach out at 400 million plus un (der) banked population at pace with profitability is the single most important challenge faced by the multistakeholders, particularly banks and delivery channels. And here comes in the role play of technology led models and their efficacy over traditional brick and mortar branches.The paper is broadly divided into two parts, in the first part it takes an overview of the existing technology led branchless models of financial inclusion across the world and highlights how populations at bottom of the pyramid across the spectrum of developing world have gained access to financial services. The paper also highlights role of regulatory environment which has paved path for development of technology led models in the emerging economies of the world. In the second part, the paper vividly describes various technology led models of financial inclusion - particularly branchless, which have mushroomed in India for last few years, the changes in regulatory environment and customer expectations due to multiple options available.Finally the paper sums up with an open ended question what does future hold for millions un(der) served in India and how does technology, banking and public policy could better address the developmental question of financial exclusion.
