Financial Inclusion

/Tag: Financial Inclusion

Do Financial Inclusion Efforts Really Have an Impact on Poverty?

Several years ago, a senior person at a large foundation (let’s call him Fred) asked us if we thought financial inclusion—creating and supporting financial products and services designed for low-income communities—really made a difference to the poor. We took his question very seriously, and answered that we honestly weren’t sure whether it was as high

Pairing access to finance and energy to solve global poverty

Beginning in the 1980s, microfinance emerged as a way to tackle the myriad challenges of poverty by focusing on financial inclusion. It was recognized that lack of access to basic financial services, such as a small loan, was preventing billions of people from raising their standard of living. As of 2017, 1.7 billion adults globally remain

Gains in Financial Inclusion, Gains for a Sustainable World

Mary Banda in Zambia runs a small restaurant in one of Lusaka’s oldest markets. Before she learned that financial services could make the way she did business easier, her profits were low. But today, her profits have increased, both because she banks her money and because she uses mobile money transfer services. Using financial services has

Dan Schulman on Shifting From Financial Inclusion to Financial Health

In a time when technology has transformed people’s lives in so many ways, financial services is one area where the potential of the internet era remains largely unrealized. We’ve been hearing for decades about the demise of cash and the dawn of the digital economy. So far, though, the traditional financial order is still standing

Opportunity for all through financial inclusion 

Frederick Douglass, the great orator and leader of the 19th century abolitionist movement, is recognized for his steadfast and determined work for emancipation. He advanced this cause through self-taught reading and writing, and he also used these skills to call for the full participation of African-Americans in the education system. Although Douglass’ goal of equal access to education is ostensibly a reality, we must