Spire appointed as research partner for National Team for Accelerating Poverty Reduction

Spire appointed as research partner for National Team for Accelerating Poverty Reduction from Spire Research and Consulting

By: Spire Research and Consulting  05/21/2014
Keywords: Financial Services, Indonesia, Mobile internet technology

In collaboration with Microfinance Opportunities U.S. and the National Team for Accelerating Poverty Reduction (TNP2K), Spire Research and Consulting has undertaken a study to explore the potential of mobile-enabled microfinance in Indonesia. The study was conducted on micro-businesses and small enterprises (MSEs) to ascertain their need for mobile money and branchless banking services. Spire conducted this study on MSEs located in four provinces, namely West Java, Bali, South Sulawesi and South Sumatra. It was found that most MSEs face difficulties in accessing support from established financial institutions. As such, businesses are incurring unnecessarily high financing costs and facing constraints to growth. On the other hand, new technologies and developments such as mobile money and branchless banking are creating fresh opportunities for MSEs to access financial services at more competitive costs via mobile internet technology. Spire’s study will provide inputs to the Indonesian government on policy formation. It will also benefit stakeholders by supporting business strategy formation for MSEs and financial service providers. In conclusion, the information obtained through the Spire study would be beneficial for stakeholders to provide inputs on policy recommendations. MSEs could also look to enhance business development and growth, as well as improve their finance access. For more information, please view this link : http://www.spireresearch.com/newsroom/events/spire-appointed-as-research-partner-for-national-team-for-accelerating-poverty-reduction/

Keywords: Financial Services, Indonesia, Mobile internet technology

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