Bill & Melinda Gates Foundation, Rockefeller Philanthropy Advisors
Area of Work:
Digital Financial Services
Colombia, India, Kenya, Mexico, South Africa
In the GAFIS project, BFA Global worked with bank executives and staff to design savings products to serve low-income customers of five commercial banks in diverse markets with over USD$256 billion in combined assets and over 60million accounts. BFA Global developed pro-forma investment business cases for each low-income customer segment at individual, portfolio, and institution-wide levels. With BFA Global’s detailed analysis of products and compatible distribution channel delivery systems, the banks were able to implement targeted, cost-effective pilot programs for the new products and have experienced significant growth in the number of customers and active accounts year over year.
Findings and Key Takeaways: