What is financial inclusion and why should we care?

In many low-income and transitional economies, most households and businesses do not have access to formal financial services. This “unbanked majority” therefore faces high transaction costs for payment services, can’t use cash savings services for income smoothing and asset accumulation, and does not have the option of generating additional income and investment through conventional credit services. High-income countries also have significant unbanked or underbanked populations, usually low-income households and family businesses. The primary purpose of promoting financial inclusion is to ensure equal opportunity to utilize services that are essential in managing household and enterprise finances, regardless of one’s income level or size of business. In this session we will explore how financial inclusion seeks to mitigate financial marginalization through innovations in financial product design, delivery, and regulation, thus promoting more equitable and sustainable economic growth.

[@paulm6995]

What a great lecture.....cha gaye guru...

[@caristomasiwa4284]

thanks a lot. good presentation. i am now better informed about financial inclusion

[@SusanSt.James-33]

Excellent analysis of financial services for the financially marginalised. The concept of, and caution about, seasonal scheduling of farm loan repayments is simply profound. So is community banking.

[@goldnutter412]

Extremely clever person, made me a little more confident of the PROFOUND future on the horizon :)
When he said SUBSET I clapped.. intersecting subsets everywhere

[@salihosman8578]

How can apllcant finacial inclusion in sudan

[@md.yeasinarafat505]

I think financial inclusion means to create a bank account that helps to get financial service easily from any places. Is it right?

[@timelessjubilee1543]

Financial inclusion means the banks and governments wants access to low income households income.

[@goldnutter412]

Backwards, but yes of course things are a bit of that. How else does everyone contribute to the greater good :)

[@goldnutter412]

hm.. the biggest tool they need is missing.. real education :(
their reality, small world views, negativity.. it's all connected

[@goldnutter412]

7 years on.. SME you say ? :-)
"SME'S are the HEART OF AN ECONOMY"
czcams.com/video/mxK8JLNDjaY/video.html one of my many "fav people". Top of the list is Sergey, Gottfried, Einstein