Agri-Dependent Households Need Tailored Financial Products

WASHINGTON, Oct. 19, 2012 /PRNewswire-USNewswire/ --  CGAP is presenting a new blog series which discusses innovative ways to provide agri-dependent households in developing countries with financial services. Practitioners, researchers and thought leaders will use this series to explore the role of markets, public and private partnerships, client segmentation, and the requirements for an enabling ecosystem that makes markets work for poor farmers.

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Mark Wenner of the Inter-American Development Bank led off the series by asking the question "What's Keeping Us from Innovating in Rural Finance?" and noting that investments in rural development have lagged even though 55% of the world's population is rural and 70% of the world's poor are concentrated in rural areas.

Forthcoming posts provide the opportunity to explore these issues further and identify the keys to making real progress in identifying specific products that would work for households dependent on agriculture. Watch this space for updates.

CGAP is an independent policy and research center dedicated to advancing financial access for the world's poor. Read more on agri-dependent households on the newly redesigned CGAP.org.

Contact: Erin M. Scronce
T: +1 202.473.3082
escronce@worldbank.org

SOURCE CGAP

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