Geodata for Inclusive Finance: Data Privacy

In coordination with NpM, MFR conducted research on privacy risks in the use of geodata in digital financial services for agriculture. The research draws on MFR’s own experience in client data privacy, insight gained from case studies conducted (including interviews and review of documents) on FSPs which have integrated the use of geodata in their agriculture loan products, and desk research.

This report contains key issues identified regarding the collection, storage, use, and sharing of client geodata with a focus on best practices, challenges, as well as arising open questions.

Reach, Benefit and Empower Women with Financial Services

NpM, Platform for Inclusive Finance, analyzed three cases on women’s access to financial services in three different countries:
1. Saving and credit cooperatives (SACCOs) in Ethiopia;
2. Services provided by TYM, an MFI in Vietnam;
3. Financial services provided to female farmers in the maize and beans value chains in Rwanda.

With this paper, we showcase the importance of appropriate financial services for women to increase female entrepreneurship in agriculture and to secure the highly necessary agricultural growth. We aim to encourage the NpM members (inclusive finance investors) and other professionals working in the financial sector to ensure that women are reached by financial services, but also to ensure that women benefit and that they are empowered.

Summary Report: Geodata for Inclusive Finance and Food

On 24 June, NpM hosted its seminar of “Geodata for Inclusive Finance & Food” in Nairobi. As a pre-day event to the SPTF and Smart Campaign’s Summit on “Inclusive Digital Future”, we heard from each of the winners of the NpM Innovator’s Challenge – Agri-wallet, Apollo Agriculture, and VanderSat – about their projects and the opportunities of geodata. Their insights gave way to an interactive Q&A session about the innovative practicality of their applications.

The second part zoomed in on the issue of data privacy when using geodata-based information. Isabelle Barrès of the Smart Campaign introduced major data privacy issues and the client protection principles. Ben Wellington of MicroFinanza Rating (MFR) then provided emerging good practices coming from case studies with FinTechs.

The seminar ended in lively group discussions reflecting on the great potential of geodata, but also the risks that the use of geodata-based information could carry.

Case Study on Solar Home Systems: upOwa

Case Study on Solar Home Systems: PEG Africa

Case Study on Solar Home Systems: M-KOPA Solar

Case Study on Agri Services: Babban Gona

Case Study on Vehicle Loans and Services: Edpyme Acceso Crediticio

Lessons Learned from Existing Geodata Projects

As part of the series of events for the Geodata for Inclusive Finance and Food (G4IFF) workstream, NpM hosted a webinar on Lessons Learned from Existing Geodata Projects. The webinar took place on April 10th and followed-up on a previous webinar and expert meeting on the potential of geodata. During this webinar speakers provided context of various geodata opportunities for financial institutions, and specific examples to delve deeper into the integration of geodata services and implications for end-users.

To share the key lessons learned, NpM prepared a brochure. It provides an overview from the perspective of Investors, Microfinance Institutions and FinTechs, and the Earth Observation sector.

We hope this information can benefit those interested in improving access to finance and food production for smallholder farmers.

Summary Report: Deep-dive in Geodata for Investors

Experts, investors, and practitioners gathered to explore the potential of geodata for inclusive finance and food security at the NpM expert meeting. Guest speakers from different sectors – financial inclusion, agriculture, and geospatial information – shared their know-how and four practitioners presented their geodata projects. This led to a lively discussion which NpM will follow up on.

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