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USAID Support for Financial Inclusion in Indonesia. Loan Guarantees Islamic Financing Branchless Banking. USAID Loan Guarantee Program. USAID jointly works with banks to identify underserved sectors and share risk Micro and SME, Women- managed businesses, agri-businesses - PowerPoint PPT Presentation
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USAID Support for Financial Inclusion in Indonesia
• Loan Guarantees• Islamic Financing• Branchless Banking
USAID Loan Guarantee Program
USAID jointly works with banks to identify underserved sectors and share risk Micro and SME, Women- managed businesses, agri-businessesTechnical assistance is provided to borrowers and lendersAim is to demonstrate profitability of neglected sectors
2
Impact of Loan Guarantees in Indonesia
We currently have six guarantees in place valued at USD 100 million• Bank Danamon: $16 M, SMEs in Aceh, 9,605 loans• Bank Danamon 2: $35 M, new lending to Ag sector• Bank Andara: $13 M, 104 loans to MFIs• Bank Andara 2: $3 M, just started lending to Ag sector• MBK: received loans from 3 banks valued over $8 M• Standard Chartered: $20 M, 126 loans made to SMEs
3
Support for Islamic Financing
USAID signs agreement with Bank Muamalat
• The first USAID loan
guarantee to support Islamic Financing in the world
• Guarantee USD 2.7 million to Mitra Bisnis Keluarga
4
USAID Research on Zakat
• USAID commissioned a study on Zakat to:– Assess potential size and
growth– Understand how OPZs
function• Findings and
recommendations:– Poor organization– Low public awareness– Limited standards and
oversight – Regulatory improvements for
transparency and poverty alleviation
5
Support for Mobile Financial Services (MFS)
• Regulatory and Government coordination support– Analysis of current policies/regulations– Assist in mapping and coordinating
Ministries’ role in supporting MFS– Help learn from Int’l best practices– Develop plans for pilot programs
• Grant fund to catalyze Private Sector investment– Training to agents and bank lenders– Financial literacy– Monitoring and learning from pilot
programs
Mobile Money Continues to Expand Globally
Source: GSMA Mobile Money Deployment Trackerhttp://www.wirelessintelligence.com/mobile-money/unbanked
Mobile Financial Services to Reach the Poor
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2005 2006 2007 2008 2009 2010 20110.0
50.0
100.0
150.0
200.0
250.0
Bank/BPR/Coop Mobile Subscribers
Financial services op-portunities
Mobile Telephone versus Bank Penetration in Indonesia
Source: GSMA, Telkomsel, Indosal, PT XL, Axis, BI
Reduced costs Convenient and understood
channel for unbanked and under banked populations
Provides reach into rural areas Time savings, security, and
transparency More than just banking services
Potential for Financial Inclusion Using Mobile
USAID’s Potential Areas for Support in Indonesia
Catalyst Category Intervention ActivitiesMarket Research, System and Product Development
Develop Public Private Partnerships to design and test new products and services
Market research to develop demand-driven financial services Remove information asymmetry and encourage institutions to
use mobile technology to expand to underserved markets
Enabling Environment Reinforce regulatory capacity building efforts
Ecosystem Development
Support assessment/studies of optimal agent network development and expansion
Public Awareness/Outreach
Support financial literacy campaigns
Stimulate Pilots Persuade government entities to pilot conditional cash transfer disbursements to mobile wallets
Persuade commercial entities to pilot salary payments
Moving Mobile Money/Banking Forward
Ground-breaking mobile money programs have enabled people from Kenya to the Philippines to access financial services for the first time.
"The concept works. Now it's time to take it out of the lab and into the mainstream. There is tremendous potential for innovative delivery channels to reach the 2.7 billion people who have no access to affordable financial services.”
Tilman Ehrbeck, CGAP's Chief Executive Officer