Grameen Foundation aims to assist the world’s most vulnerable populations to reach their full potential through provision of tools and information that lead to empowerment. Digital financial services play a crucial role in this arena, especially for women in rural areas who typically are the least served when it comes to formal financial services.
The penetration of mobile phones, especially in low-income rural households where literacy levels and financial literacy are very low, provides an opportunity to address the financial inclusion challenge. We do so in partnership with financial services institutions, commercial banks, mobile network operators and others that play crucial roles in creating alternative paths to financial inclusion. Our current programs help microfinance institutions offer new products to clients, and develop new channels to connect clients to financial services, all with a focus on women in India’s poor rural communities.
Grameen Foundation India in collaboration with their partners provides strategic, innovative and technical expertise to leading social enterprises, financial services institutions and technology providers to extend financial services to underserved communities, especially women particularly in rural India, through new delivery channels and mobile-based services.
Our institutional partners include commercial banks, mobile network operators, microfinance institutions, healthcare providers and others. Together, we create solutions that help poor people to generate income, build assets, strengthen their resilience and manage risk. We design new products and improve current ones to make them appropriate for the poor, partner with trusted entities to provide mobile and financial literacy to clients, and build networks that enable community-based rural agents to serve as banking agents.
- We INNOVATE to deliver customized, client-centric poverty alleviation solutions to leverage digital technology and trusted intermediaries to reach the ‘last mile’
- We drive and leverage PARTNERSHIPS to create scalable solutions
- We offer TECHNICAL assistance and consulting services to organizations serving the poor