Cenfri (The Centre for Financial Regulation & Inclusion) is one of the leading independent think-and-do tanks in the international development field of financial inclusion. Based in Cape Town, Cenfri’s mission is to support financial inclusion and financial sector development in developing countries by facilitating better regulation and market provision of financial services. Cenfri’s team of highly qualified, diverse and value-driven researchers work with regulators, donors, financial service providers and other relevant parties throughout Africa, Asia, and Latin America. We provide high quality, evidence-based research and advice to inform stakeholder decision making and increase access to and the value of financial services to low income households. For more information on our partners and funders, focus countries, and research theme areas, visit our website www.cenfri.org.