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No One Should be ‘Scared to Live too Long’ – Innovating Insurance for the Elderly
After a chilling conversation with his family housekeeper about her fear of "living too long" and becoming a burden on her family, Tyron Fouche was inspired to start Nobuntu, an insurance plan for low-income South Africans. Combining an ancient risk-sharing design with modern tools like chatbots and biometric tech, the plan offers customers an income that actually increases as they get older. Fouche discusses Nobuntu's innovative model – and the big challenges it faces – in the latest post in NextBillion’s "Startup Showcase" series.
- Categories
- Finance, Social Enterprise
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Faster, Lighter Touch and Group-based: A Different Approach to Poverty Graduation
The poverty graduation model has continued to show great promise in helping ultra-poor people develop sustainable livelihoods. But Dianne Calvi of Village Enterprise points out that those programs, as currently practiced, are often too expensive to scale. In advocating a more streamlined approach to poverty graduation, Calvi reveals key findings from a randomized control trial involving some of the poorest households across 138 villages in rural Uganda.
- Categories
- Investing
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The Teacher-Researcher Divide: How Can Educators in Emerging Markets Make Better Use of Data?
Despite an explosion of high-quality research into K-12 learning outcomes in emerging markets, the data from those studies can be hard to interpret, leading educators to defer to their own experience and/or that of their peers instead. As a result, the best evidence on methods and strategies often goes unused by teachers. Sean Geraghty of the private school operator Bridge International Academies considers a recent partnership with the Liberian government and asks: How can educators truly incorporate the latest research into their lessons?
- Categories
- Education, Impact Assessment
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Kenya: Unilever Tea to install 600kW solar power plant
Unilever Tea recently signed an agreement with Cross-Boundary Energy for the installation and operation of a 600kW solar power plant at the company’s Kericho tea plantation in Kenya.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Soapply Initiative Funds Sanitation and Hygiene Solutions in Africa
While working in East Africa, Mera McGrew quickly learned that a simple act like washing hands with soap could prevent child mortality. Her initiative, Soapply, addresses the serious issue of clean water, sanitation and hygiene across the globe. With each purchase, the company funds up to $10 worth of impact through water, sanitation and hygiene initiatives and aims to leave a lasting positive impact.
- Categories
- Education, Health Care, WASH
- Region
- Sub-Saharan Africa
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Failure to Thrive: Nigeria’s Digital Financial Services Industry is Struggling – Can These Policy Solutions Help?
Nigeria leads all other emerging economies with 21 licensed mobile money operators. But high levels of unbanked and underbanked citizens have led to poor adoption rates for digital financial services. The Sustainable and Inclusive Digital Financial Services (SIDFS) initiative of the Lagos Business School has been studying ways to improve customer access and product development. In recently published research, Olayinka David-West and Ubukun Taiwo, both of LBS, reveal six policy recommendations for regulators that could help DFS to thrive in Nigeria.
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- Finance, Telecommunications
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We’re Undervaluing Value Addition: How Ag Processing Will Fortify Food Security, Incomes and Development
The world's cocoa farmers get only 3 percent of the value of a chocolate bar, and Africa, home to 60 percent of the world’s arable land, is a net importer of food that could be processed at lower cost on the continent. The problem is that agriculture producers in emerging markets grow the crops only to watch as others grab the profits. The solution, says Donna Rosa, is to improve the solid food processing industries in developing countries.
- Categories
- Agriculture, Social Enterprise
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The Demonetization Crisis May Be Over, but the Time for Tech Upgrades in Indian Microfinance Is Now
India's 2016 banknote demonetization sent shockwaves through the country's microfinance sector, causing MFIs to write off US$ 1.1 billion in bad loans. In response, cash-dependent MFIs stepped up investment in fintech – but now that the crisis has passed, so perhaps has their sense of urgency. Elliot Rosenberg of Awaaz.De argues that the need to embrace tech is as strong as ever.
- Categories
- Finance, Investing, Technology
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