MicroSaveMarket-led solutions for financial services
MicroSaveMarket-led solutions for financial services
Electronic MGNREGA PaymentsDesigning the Last Mile
Mike McCaffrey, Senior Advisor, MicroSaveNew Delhi, India
29 November 2012
MicroSaveMarket-led solutions for financial services
Agenda
•The Fijian Experience
•From Access to Active Usage
•Global Last Mile Analogs
•Some Potential Improvements
•Conclusion & Thanks
2
MicroSaveMarket-led solutions for financial services
Social Welfare E-Payment Transition in Fiji
3
Progressive Payment System
Beneficiary AnalysisABC Analysis
Budget Dissection
Beneficiary Interviews
Beneficiary Demographics
Staff Interviews
Preparation
Transition
Research
MicroSaveMarket-led solutions for financial services
ABC Costing in Fiji
4
Cost Structure Breakdown Actual Estimated Savings
Often Overlooked
Provides Maneuvering
Room
MicroSaveMarket-led solutions for financial services
From Access to Active Usage
5
MicroSaveMarket-led solutions for financial services
Usage Cost Analysis
6
Technical Solutions Needed
Behavioral Solutions Needed
MicroSaveMarket-led solutions for financial services
MicroSave Market Demand Research
7MicroSave 2010-2011 Annual Report.
Giri, A. et al. (August 2011). Relative Risk to the Savings of the Poor in Uttar Pradesh, MicroSave
MicroSaveMarket-led solutions for financial services
The Last Mile is a Very Common Problem
8
Rural Schools
Bed nets
Oral Rehydration
Household Sized SolarAnti-Retroviral Drugs
Fertilizers
Datta, S. & Mullainathan, S. (November 2012). Behavioral Design: A New Approach to Development Policy. CGD Policy Paper 016.
MicroSaveMarket-led solutions for financial services
Free Financial Inclusion Solutions: Defaults
9Johnson, E. J., & Goldstein, D. (November, 20003). Do Defaults Save Lives? Science. Vol 302.
MicroSaveMarket-led solutions for financial services
Case Study of Pilot Savings Experiment in Colombia
10Proyecto Capital (Feburary 2012). Inshort: Case Study of Pilot Savings Experiment in Colombia.
MicroSaveMarket-led solutions for financial services
Free Financial Inclusion Solutions
11
81% Increase
16% Increase
Ashraf, N., Karlan, D., & Yin, W. (2006) Tying Odysseus to the Mast: Evidence from a Commitment Savings Product in the Philippines. The Quarterly Journal of Economics. May.
Karlan, D., McCaonnell, M., Mullainathan, S., & Zinman, J. (2010). Getting to the Top of Mind: How Reminders Increase Savings
MicroSaveMarket-led solutions for financial services
Thank You
12
