Joe DiVanna writes on competitive strategies in Africa banking. To be successful, African banks must learn to think like customers, spend time with customers and ascertain how banking can be used to facilitate today’s changing African lifestyles. The key is to change our perspective on banking and payments. Where bankers see transactions, customers simply see payments.

Microfinance is often considered one of the most effective and flexible strategies in the fight against global poverty. It is sustainable and can be implemented on the massive scale necessary to respond to the urgent needs of those living on less than $1 a day, the World’s poorest.

The modern microfinance movement dates back to the 1970s when experimental programs in Bangladesh, Brazil, and a few other countries began to extend tiny loans to groups of poor women to invest in microenterprises. As a result, the microfinance institutions providing the services were able to develop business models that were sustainable, no longer needing subsidy. These institutions showed that the poor were "bankable".

Access to financial services is a fundamental tool for improving a family’s well-being and productive capacity. Access to financial services empowers the poor by reducing their vulnerability, and offering them opportunities to improve their lives.CGAP works toward a world in which poor people are considered valued clients of their country’s financial system. We aim to help build efficient and equitable local financial markets that serve all poor people with convenient and affordable financial services.

In economics, the bottom of the pyramid is the largest, but poorest socio-economic group. In global terms, this is the four billion people who live on less than $2 per day.

The 2008 Global Hunger Index (GHI) shows that the world has made slow progress in reducing food insecurity since 1990, with dramatic differences among regions and countries. In the nearly two decades since 1990, some regions — South and Southeast Asia, the Near East and North Africa, and Latin America and the Caribbean — have made significant headway in improving food security. Nevertheless, the GHI remains high in South Asia. The GHI is similarly high in Sub-Saharan Africa, where progress has been marginal since 1990.

In the fall of 2008, the US credit crunch ballooned into Wall Street’s biggest crisis since the Great Depression. In response, the US federal government adopted billion and trillion bailout plans meant to reassure the markets and get credit flowing again. But the crisis began to spread to Europe and to emerging markets, with governments scrambling to prop up banks, broaden guarantees for deposits and agree on a coordinated response.

Welcome to this blog about Microfinance, Innovations and Sustainable Development