Blue Rhino compiled a Knowledge Product (K-product) for KMP on the following issue: Advancing through technology (2013). Mobile technology and other financial innovations promise to transform the rural financial landscape, and increase economic activity and empowerment in the long run. This guide discusses how mobile technology and other innovations facilitated branchless banking in rural Africa and how they can improve farmers’ access to appropriate financial services. Their strengths and weaknesses, as well as, critical success and failure factors are analyzed.
The Rural Finance Knowledge Management Partnership (KPM) is a joint initiative of the International Fund for Agricultural Development (IFAD), the Alliance for Green revolution in Africa (AGRA), the Regional Universities Forum for Capacity Building in Agriculture (RUFORUM), and the African Rural and Agricultural Credit Association (AFRACA). It undertakes joint rural finance activities and provides implementation support to IFAD-funded projects in East and Southern Africa (ESA).