Recognizing that financial services are a key contributor to broad-based economic growth, Chemonics works with financial institutions to increase the availability and affordability of financial services for MSMEs, and underserved populations. We help financial institutions develop and improve micro-lending products, leasing, purchase order financing, mobile money, insurance, and savings products, and help them expand small and medium enterprise (SME) lending by utilizing Development Credit Authority credit guarantees. Chemonics also partners with host country government ministries, central banks, regulators, and other key institutions to develop appropriate financial sector policies and regulations as well as to establish capital markets, credit bureaus, and other key institutions that make up a country’s financial infrastructure.
Adopting Electronic Payments Through Modeling
Jove Tapiador of the USAID Philippines E-PESO Activity discusses how “modeling” has helped the Philippines move from a cash-based to cashless economy.
A New Financial Product
Jove Tapiador of the USAID Philippines E-PESO Activity discusses the most important elements to measure or assess when introducing a new financial product to a group of people.
Building Climate Finance Capacity in Nepal
Strengthening Nepali local governments’ ability to manage green funds can spur investment in and accelerate climate action.
Promoting Private Sector Employment in Lebanon
A stronger business environment for private enterprises in Lebanon will help increase employment opportunities for Lebanese citizens.
Assisting Armenia’s Elderly Population Through Pension Reform
Armenia is taking steps to improve social and economic protections for its elderly citizens.
Supporting Economic Development in Serbia
Serbia improved its economy by strengthening local economic administrative processes and by encouraging citizens to participate more actively in economic affairs.
A New Framework for Local Governance in Moldova
A targeted effort to strengthen local governments in Moldova has increased public trust in them and improved how they deliver services.
Transparency in Finance
A dependable network infrastructure in Haiti would mean more reliable financial management and a more transparent government.
An Alternative to Cash in the Philippines
The Philippines is shifting from a cash-based economy to an electronic one to create a more efficient and transparent financial system.
Improving Financial Inclusion in Rural Colombia
Following decades of armed conflict, providing rural Colombians with financial services is essential to building an inclusive economy and promoting stability.
Sharing Financial Sector Knowledge
In the face of globalization, countries worldwide must strengthen and deepen their financial systems to achieve growth and alleviate poverty.
Building a Financial Services Market Where There Wasn’t One
Emerging economies such as Colombia, Philippines, and South Africa offer sophisticated financial sectors that historically failed to reach marginalized groups. In Colombia specifically, this left rural areas largely unbanked and excluded from the broader economy, after decades of war. In four years, USAID/Colombia’s Rural Finance Initiative (RFI) — implemented by Chemonics — has linked more…
News: Building Resilience Through Market Systems: Chemonics Presents at SEEP 2019
How can we forge better partnerships to drive agricultural productivity, incomes, and nutrition? How can we use data to empower people and foster resilience? What are the best ways to engage the private sector to make financial services inclusive? Chemonics will discuss these questions and more at the 2019 Small Enterprise Education and Promotion (SEEP)…
To Respond to the Venezuelan Migration Crisis, Let’s Also Tap the Private Sector
Globally, new momentum is building for the private sector’s participation in alleviating migration crises worldwide and supporting migrants’ and refugees’ integration. From investing in migrant-owned businesses to engaging a migrant workforce or securing resources for optimal basic service delivery for migrants and host communities, private sector engagement offers unique avenues for helping to solve migration…
Development Works Here with Razan Quossous
We’d like you to meet Razan Quossous! Razan is an economic growth expert with 20 years of experience, including private sector development and increasing access to finance. Now the business enabling environment component leader for a tourism project in Jordan, Razan shares her insights on how development work can spur economic growth to improve lives.…
The Journey to Better Development: Financial Sector Tools Worth Revisiting
If we’re going to make development dollars go further, we need to build on and learn from our experiences as implementors. Recognizing this, we revisited several frequently requested economic growth resources produced by Chemonics, our partners, and USAID through the USAID Financial Sector Knowledge Sharing Project (FS Share), which closed in 2012. While reviewing the…
Sequencing for Success in Blended Finance Solutions
For emerging markets, blended finance is the new cool kid on the block. It’s a tool that facilitates access to finance around the world, and it’s gaining momentum with the international development community. While articles discussing blended finance abound, development practitioners increasingly seek specific information about how to “do” blended finance. Chemonics and LixCap know…
Securing our Future: Partnerships for Youth
Getting the global economy on track to reap a demographic dividend, create prosperity, protect the planet, and eliminate extreme poverty will be difficult unless governments, international donors, businesses, and practitioners work together to harness the economic aspirations of youth. A recent study by the International Labour Organization shows that 13.6 percent of youth, or more…
A First Economic Step toward Gender Equality
In 2017, women around the world made up 47 percent of the formal workforce but only earned, on average, 77 percent of men’s earnings. These figures are critical in understanding the staggering inequalities present in the global workforce and the need to address gender inequality through an economic lens. Gender equity and economic empowerment are…
From the Philippines to Colombia: Three Insights to Bridge the Usage Gap in Financial Services
What are the barriers to usage of digital financial services? What are the most effective ways to drive uptake? Modern financial solutions, spurred by internet and mobile access, present an important opportunity to make transactions more efficient. These digital innovations can save time and transportation costs for bank and client alike while building credit history…
Value Chain Finance with a Digital Twist
Back in 2015 while designing our approach for USAID’s Colombia Rural Finance Initiative (RFI), a Colombian colleague and I visited a sugar smallholder who had settled in the Meta department, fleeing the civil war. On his adobe walls hung a photograph of the farmer smiling proudly next to Colombia’s President Santos, who had visited their…
News: Innovating, Connecting, and Transforming Development at the ICT4D Conference
Innovations in technology have enhanced development impact across all sectors — from agriculture to education to health. From May 8 to 10, public, private, and civil society organizations from around the world will convene for the 2018 Information and Communications Technology for Development (ICT4D) Conference in Lusaka, Zambia. Now in its 10th year, the conference…
E-Payments Modeling: From Zero to Hero
Building working models for evaluation and learning is important to assess the long-term impact and performance of a project. Models can range from conceptual frameworks to algorithms in electronic spreadsheets — or to more sophisticated computer-aided visual simulations. But how do we build a model from scratch when data is sparse to begin with? What methods can…
Q&A with Christy Sisko on the Revenue Capital Approach (Part 2 of 2)
This post is the second of a two-part blog series, originally featured on Microlinks, showcasing a question and answer session with Christy Sisko, technical manager for Asia and Middle East Economic Growth Best Practices at Chemonics, on the revenue capital approach and its revolutionary effect on the small and medium enterprise (SME) financing world. This…
Q&A with Christy Sisko on the Revenue Capital Approach
This post is the first of a two-part blog series, originally featured on Microlinks, showcasing a question and answer session with Christy Sisko, technical manager for Asia and Middle East Economic Growth Best Practices at Chemonics, on the revenue capital approach and its revolutionary effect on the small and medium enterprise (SME) financing world. This…
To Bring On Partners, Know Your Pitch
In development, we are constantly improving our ability to do meaningful work and becoming more demand-driven in our approaches. While some improvements are disruptive technologies like digital financial services, others are simple changes to the way we operate. One of the topics from the recent SEEP Women’s Economic Empowerment Global Learning Forum that really resonated…