What is Financial Inclusion?

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Microfinance > Best Practices

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

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  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, Business Consultant, 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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