Ashoka Changemakers has launched a new competition in partnership with G2012 Mexico to identify he world’s most innovative solutions that make valuable, affordable, secure, and comprehensive financial services accessible to underserved and excluded communities.
This competition seeks innovations that address barriers to financial inclusion, including but not limited to:
Physical or other accessibility barriers that prevent communities from reaching financial services,
The shortage of affordable financial products tailored to the needs of underserved and excluded communities, and
The lack of incentives for financial service providers to continue serving low-income, poor, or marginalized communities.
Do you have an innovative solution? For example, are you using mobile technology to provide comprehensive banking services to rural communities? Are you using an innovative business model at a retail establishment that gives remote communities access to savings and cashless payments? Or, are you connecting entrepreneurs to microloans and insurance?
The top solution will win the grand prize of US $ 100,000.
The competition is open to all private sector participants from any country. Proposals are welcome from individuals and not-for-profit and for-profit organizations, including private financial institutions, private investors and companies, socially responsible investors, foundations, and citizen sector organizations.
Deadline: 12 September 2012.
For more information, visit this link.
