What is Financial Inclusion?

Microfinance
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Jaap de Jonge
Editor, Netherlands
As explained above, microfinance was an initial, PRIVATE effort pioneered by Muhammad Yunus to reduce poverty by giving impoverished entrepreneurs access to microcredits and other financial products and services. In 1976 Yunus started the Grameen Bank in Bangladesh. In 2006 the Grameen Bank and its founder Yunus were awarded the Nobel Peace Prize. However, according to the United Nations (UN), three billion people around the world still do not have access to formal financial services like savings accounts, credit, insurance, and payment services. More than half the population in developing countries and more than 80 percent of households in most of Africa are financially excluded. On 29 December 2003, Former UN Secretary-General Kofi Annan said: ”The stark reality is that most poor people in the world still lack access to sustainable financial services, whether it is savings, credit or insurance. Financial Inclusion (FI) (from ±2004) is an economic POLICY of various governments and (...) Read more? Sign up for free

  Gabriel Femi Adewara
Management Consultant, Nigeria
 

Financial Inclusion Should Be the Policy Framework to Drive Microfinance

Obviously, microfinance institutions are failing t (...)

  Laxminarayan Katti
Student (MBA), India
 

Financial Inclusion: Innovation and Education

Banking the unbanked is financial inclusion. To re (...)

  VENKATESWARAN
Teacher, India
 

Demands on an Inclusive System

Financial inclusion means all financial, insurance (...)

  RIchard Langlais
 

Financial Inclusion and Credit Unions

Financial inclusion is a global economic initiativ (...)

  Abhishek Saxena
Project Manager, India
 

Financial Inclusion & Development

The article itself mentions “traditionally banks w (...)

  John Michael Donohue
Manager, United States
 

Microfinance and Financial Inclusion

Economic development at the individual/household l (...)

  John Moses
Manager, Nigeria
 

Financial Inclusion - Key to Achieving an Effective Financial Empowerment

Financial inclusion should be pursued with a great (...)

  Vishnu R. Padhiyar
 

Financial Inclusion is Now a Common Objective

Financial inclusion is the delivery of financial s (...)

  Juan Bravo
Management Consultant, Ecuador
 

Microfinance is a Form of Inclusion

In my opinion, microfinance is a form of inclusion (...)

  Sabo Victor Emmanuel
Nigeria
 

Financial Inclusion: Whose Objective Should it Be?

Considering the aim of this policy, I think financ (...)

  Luisa Pineda Martinez
Guatemala
 

Financial Inclusion

There should be a lot of expectancies around this (...)

  Saikat Basak
Accountant, India
 

Financial Inclusion Definition

Financial inclusion may be defined as the process (...)

  Amwonya Aggrey
Business Consultant, Uganda
 

Financial Inclusion

Financial inclusion is a recent term used to indic (...)

 

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