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Challenges of Innovative Financial Inclusion Funder´s Perspective Edvardas Bumsteinas EIB

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;

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Challenges of Innovative Financial Inclusion Funder´s Perspective Edvardas Bumsteinas EIB

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  1. Challenges of Innovative Financial Inclusion Funder´s Perspective Edvardas Bumsteinas EIB

  2. 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.

  3. 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.

  4. Challenges and Opportunities • Reputational issues; • Smart regulation; • Social performance standards for MIVs; • Capacity building assistance; • The importance of technology.

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