What is Financial Inclusion?


 
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What is Financial Inclusion?
Jaap de Jonge, CEO, Netherlands, Editor
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 ±...Register
 

 
Financial Inclusion Should Be the Policy Framework to Drive Microfinance
Gabriel Femi Adewara, Management Consultant, Nigeria, Member
Obviously, microfinance institutions are failing to thrive in the less developed countries because of very poor distilling of policies and regulato...
 

 
Financial Inclusion: Innovation and Education
Laxminarayan Katti, Student (MBA), India, Member
Banking the unbanked is financial inclusion. To reach the unbanked, the use of the right technology is an important factor. Decisions regarding...
 

 
Demands on an Inclusive System
VENKATESWARAN, Teacher, India, Member
Financial inclusion means all financial, insurance, banking and credit facilities for all without any exception must be an affordable, available, a...
 

 
Financial Inclusion and Credit Unions
RIchard Langlais
Financial inclusion is a global economic initiative, which serves to eliminate the negative financial status of low income individuals. In most wes...
 

 
Financial Inclusion & Development
Abhishek Saxena, Project Manager, India, Member
The article itself mentions “traditionally banks were unable to serve the base of the pyramid”... Will financial inclusion (FI) alone be able to achie...
 

 
Microfinance and Financial Inclusion
John Michael Donohue, Business Consultant, United States, Member
Economic development at the individual/household level is conditioned on certain institutions of capitalism, which in themselves, must evolve and matu...
 

 
Financial Inclusion - Key to Achieving an Effective Financial Empowerment
John Moses, Manager, Nigeria, Member
Financial inclusion should be pursued with a great passion by governments across the globe especially among the less developed countries in ord...
 

 
Financial Inclusion is Now a Common Objective
Vishnu R. Padhiyar, Member
Financial inclusion is the delivery of financial services at affordable costs to sections of disadvantaged and low income segments of society. Unrestr...
 

 
Microfinance is a Form of Inclusion
Juan Bravo, Management Consultant, Ecuador, Member
In my opinion, microfinance is a form of inclusion for the most vulnerable groups in rural areas. We need to develop specific financial product...
 

 
Financial Inclusion: Whose Objective Should it Be?
Sabo Victor Emmanuel, Nigeria, Member
Considering the aim of this policy, I think financial inclusion should be the objective of the government and not of corporate entities.
G...
 

 
Financial Inclusion
Luisa Pineda Martinez, Professor, Guatemala, Member
There should be a lot of expectancies around this subject, for what I read. As a manager could do a social analysis of the particular situation of the...
 

 
Financial Inclusion Definition
Saikat Basak, Accountant, India, Member
Financial inclusion may be defined as the process of ensuring access to financial services and timely and adequate credit where needed by vulnerable g...
 

 
 


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