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PAYGO TECHNOLOGY EMPOWERING WOMEN IN RURAL COMMUNITIES

By Vania Matola – FSDMoç Investment Analyst In partnership with Epsilon Energia Solar and SolarWorks! FSDMoç is promoting access to energy to low-income households through Pay-as-you-go (PAYGO) technology. The PAYGO technology combines a solar home system (SHS) with the mobile money platform. The solar companies are offering a 3, 6, 12 and 18 months payment plans to rural communities in Maputo, Gaza, Inhambane, Sofala and Manica provinces allowing them to gain access to solar energy and the benefits of increased safety, added study time, extended business hours. Solar household kits are not only

WOMEN CONTRIBUTION TO ADVANCING THE AGENCY BANKING MODEL IN MOZAMBIQUE

By Almeira Paruque – FSDMoç Investment Analyst  This article aims to highlight the role played by women in the dynamization of the agency banking model, implemented by BancABC and Letshego, with the support of FSDMoç, whose objective is to expand the network of banks’ agents, through the development of products and marketing strategies for the rural areas, as well as training of agents and financial education of clients. To promote the participation and reduction of the obstacles faced by women, these projects have sought to boost their participation, which currently represent about 20%

Can FSDMoç support the housing finance sector in Mozambique?

Can FSDMoç support the housing finance sector in Mozambique? Some highlights from the Housing Finance Panel during the FSD Network Conference, December 2018 By: Benedito Murambire, Jr. FSDMoç Investment Manager. Housing has a significant impact on any economy, which is not the subject of this paper. Obviously, in Mozambique, like in any other country, there are strong linkages between housing and economy. Additionally, housing has strong linkages with financial sector development.  This paper intends to highlight the efforts from FSDMoç in addressing the housing finance challenges. It will highlight “what we have learned”, “what we

FSDMOÇ AND THE CAPITAL MARKET

By: Almeira Paruque, FSDMoç Analyst. A dynamic capital market is very important for the economic growth of countries and it has been the highlight of discussions around the globe, described as the link in facilitating the flow of funding from savers to investors. The most known markets internationally include the capital markets of London and New York, which are very electrifying trading places and it is not unusual to hear people referring to stocks or other securities that have risen or fallen overnight. However, do people really understand what the capital market is

Financial advisory: Opportunities and risks for the Bottom of the Pyramid

By Hélder Buvana, FSDMoç Investment Manager and Anne-Marie Chidzero, FSDMoç Advisor   It may sound secondary to argue for the need of financial advisory services for people living in countries with extreme levels of poverty. It can also sound unimportant even when we have the same argument for those who are in developing countries, but still face many challenges to live a decent life, with minimum access to food and health services. Therefore, should we spend time debating the role of a financial advisor for people at the bottom of the pyramid (BoP)?

Mobile money a vehicle to financial inclusion in Mozambique

Mobile money a vehicle to financial inclusion in Mozambique   Access to financial services in Mozambique is still limited, exacerbated by existing low literacy levels, especially in rural areas. Twenty percent (20%) of the country’s adult population have access to banking and financial services made up of 40% of people living in urban areas and 10% of people living in rural areas (FINSCOPE Study, 2014)1. The government of Mozambique has sought to address financial exclusion through the National Financial Inclusion Strategy (2016-2022)2, which aims to increase the accessibility of financial services to the

A day as an M-Pesa promoter

By: Almeira Paruque, FSDMoç Analyst A new day begins in Mozambique and different groups of young people gather around markets, mall entrances, crowded squares and streets around the country to perform the duties of an M-Pesa promoter. They must convince the next customer to open an M-Pesa account and, through it, start using new or additional financial services. The 16th of August of 2018 would represent a normal workday for the M-Pesa promoters assigned to Xiquelene market, Aeroporto A neighborhood and Adelina market (all in Maputo city), if not for the visit of a

How FSDMoç is addressing financial sector regulation challenges: The Regulatory Sandbox Story!

By: Kátia Agostinho, FSDMoç Analyst Digital tools are making access to financial products and services possible around the world, and Mozambique should be able to learn from other countries that are more advanced in this journey and provide the same opportunities for the Mozambicans, while at the same time takes advantage from the great ideas being introduced by Mozambicans. This country is 2515km coast long and has a low population density with 30.1hab/km2[1] on a 799,380km2 area. Providing financial services via the traditional “brick and mortar” branches is proven to be inefficient and exclusionist

Light (Life) after Sunset: Enabled by Digital Financial Services

By: Belmiro Nhamithambo, FSDMoç Knowledge, Monitoring and Learning Analyst and Vânia Matola, FSDMoç Analyst Access to electricity can transform lives and well-being of men and women living in rural areas. Mozambique needs to invest in renewable energies to support the expansion of the electricity grid.  While the grid only covers 29% of the country’s 28.8 million population, and expansion of the grid is slow and constrained by large infrastructure required, investments are needed in affordable and accessible alternative clean energy sources. Mr. and Mrs. Chipandeque, an elderly couple that live in Sussundenga district

Instant and convenient banking for the excluded population of Mozambique

Instant and convenient banking for the excluded population of Mozambique Written by: Denise Alves, Communication Manager of FSDMoç On Thursday February 15th 2018 a team from DFID and FSDMoç visited Banco Letshego Project LetsGo – Blue Box Solar power Agency Banking, in Maputo City. The team was composed by 13 people (8 from DFID, 3 from FSDMoç and 2 from Banco Letshego). The Project LetsGo – Blue Box Solar power Agency Banking is an innovative and differentiated Agency banking model which uses solar power (in areas where there is no energy) to support