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.
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 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…