Have an idea that would help low-income populations in Latin America and the Caribbean gain access to financial services? Up to $300,000 is up for grabs for winning proposals.
The Inter-American Development Bank, the Multilateral Investment Fund and the CAF-Development Bank of Latin America are once again calling for proposals for its Technologies for Financial Inclusion program. The program is looking for ideas that would help promote financial access among the underserved population through the use of existing technologies, such as global positioning systems and mobile banking.
Now on its third year, the program is open but not limited to private enterprises, technology service providers, nongovernmental organizations, cooperatives, associations, finance companies, banks and foundations.
Interested applicants are required to send a video containing details, such as how the idea is different from others in the market, beneficiaries and expected results. The video should be no longer than 3 minutes.
Deadline of proposals is July 4. Winning projects will be announced on the last quarter of 2012.
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