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Financial Inclusion

Why Is Financial Inclusion so High on the Development Agenda?

Tilman Ehrbeck | Posted 09.28.2015 | Impact
Tilman Ehrbeck

In the sustainable development priorities for the next 15 years adopted by heads of states in New York this week, the United Nations has highlighted financial inclusion as an important enabler for poorer households in the informal economies of the global south to increase resilience and better capture opportunities.

We're Helping Aspiring Americans Reach Financial Inclusion

National Council of La Raza | Posted 09.22.2015 | Latino Voices
National Council of La Raza

The snowballing expenses are virtually impossible for low-income legal permanent residents and families who may have multiple members applying to afford.

Twenty Years of Women's Financial Inclusion

Gayle Gatchalian | Posted 09.17.2015 | Impact
Gayle Gatchalian

The types of financial services that low-income women are able to access have also changed. In 1995, we were still promoting the idea that low-income women entrepreneurs were optimal loan clients. Today, financial institutions are offering savings, microinsurance, digital financial services to rural families, women who work in factories, and women who run larger businesses.

Vision and Discipline: How to Innovate for Increased Financial Inclusion

Tilman Ehrbeck | Posted 09.15.2015 | Impact
Tilman Ehrbeck

Globally, some two billion working-age adults in emerging markets are excluded from the type of financial intermediation that we take for granted in the developed world.

Crowdsourcing Dystopia

Lorelei Kelly | Posted 08.26.2015 | Technology
Lorelei Kelly

On offer is a belief system that promises to upend the status quo, to change the world and take you with it. Investors commit at different levels from different places, but everyone involved belongs to a unified cause. Once in, you're a team of heroic proportions, larger than life.

Women: A Transformative Force for Socio-Economic Global Good

Gaia Paradiso | Posted 08.11.2015 | Impact
Gaia Paradiso

By empowering women and by granting micro-finance loans to open up their business, they can become and play an active role in society, both in their households decision-making and at societal and community level.

Small Loans Mean Big Opportunities for Women in the Philippines

Maura Hart | Posted 07.16.2015 | Impact
Maura Hart

As small business owners in the Philippines, these women often do not qualify for traditional loans and other commercial banking services. They look to nonprofit financial institutions like Negros Women for Tomorrow Foundation (NWTF) for financial services that are specifically designed to help them build their businesses.

Finance as a Tool for Inclusive Growth

Bertrand Badre | Posted 07.10.2015 | Religion
Bertrand Badre

"This is the one of the most beautiful scenes I'll ever see in my life," I thought and said so to our guide, who also happened to be a monk. "You know that's wrong," he replied. "Every single human being is more beautiful than this."

Closing the Financial Inclusion Gender Gap

Tilman Ehrbeck | Posted 06.17.2015 | Impact
Tilman Ehrbeck

The gender gap challenge persists in most countries even as overall financial inclusion increases. While inclusion is growing for everyone, women tend to lag men by seven percentage points globally when it comes to having access to financial products.

Findex: Sub-Saharan Africa Continues to Be the Leading Frontier of Financial Inclusion

Tilman Ehrbeck | Posted 05.21.2015 | Impact
Tilman Ehrbeck

Half of the world's population lives and works in the informal economy - not by choice, but by necessity. In the language of economists, poor families in developing countries are consumption-smoothing households and capital-consuming, self-employed entrepreneurs at the same time.

End of Tax Season Brings Brighter Futures for Tens of Thousands

Bob Annibale | Posted 05.06.2015 | New York
Bob Annibale

With Tax Day now behind us, it's time to recognize Lisa and the thousands of New Yorkers who are now on their way to building a healthier financial future and identity, thanks to one of the nation's most successful anti-poverty measures -- the Earned Income Tax Credit.

How The Internet of Everything Is Helping 'Unbanked' Citizens Around the World

Melissa Jun Rowley | Posted 05.01.2015 | Impact
Melissa Jun Rowley

Fortunately, with some low-income countries quickly adopting mobile phone use, financial services such as mobile payments and money transfers are becoming accessible for communities that would otherwise be precluded from banking privileges.

When Doing Well While Doing Good Could Be Bad For You

Bhaskar Chakravorti | Posted 06.12.2015 | Business
Bhaskar Chakravorti

Inclusive business, or business that pursues opportunities in traditionally unattractive market segments, ought to be a strategic imperative for corporations and investors.

Building Economic Resilience for Families and Cities

Bob Annibale | Posted 06.08.2015 | Politics
Bob Annibale

While Boston is rapidly becoming a hub of opportunity for some, the breadth of this financial instability exposes an inequality of opportunity that hurts both families and Boston's long-term economic prospects. If we want to begin to address inequality, we must ensure that families have the tools necessary to become economically resilient.

Driving Financial Inclusion at 4G Speed

Tilman Ehrbeck | Posted 06.07.2015 | Impact
Tilman Ehrbeck

The rapid rise of smart phones helps create new sources of true consumer value that financial services innovators around the world are starting to unlock. These "second-generation" digital service innovations have the potential to meaningfully improve people's financial lives.

To Be an Inclusive Business in the 21st Century, Forget Business School Lessons from the Last Century

Bhaskar Chakravorti | Posted 05.23.2015 | Business
Bhaskar Chakravorti

In the coming decades, the majority of the world's economic output and market growth will come from the emerging markets. Already, the seven largest emerging markets collectively contribute more to global output than do the G7 countries combined.

Financial Inclusion: Stepping-Stone to Prosperity

Sri Mulyani Indrawati | Posted 05.20.2015 | World
Sri Mulyani Indrawati

Financial inclusion helps lift people out of poverty and can help speed economic development. It can draw more women into the mainstream of economic activity, harnessing their contributions to society. And it will help governments provide more efficient delivery of services to their people by streamlining transfers and cutting administrative costs.

3 Ways to Serve Asia and the Pacific's 'Unbanked'

Stephen P. Groff | Posted 05.17.2015 | World
Stephen P. Groff

To ensure ongoing economic growth in Asia and for the poorest to have a chance to benefit from the region's growing prosperity, we must prioritize bringing financial services readily and cheaply to the "unbanked".

A Plan to Empower More Than One Million Women

Elizabeth L. Littlefield | Posted 05.14.2015 | Impact
Elizabeth L. Littlefield

There is a story that persists around the developing world, to the detriment of families and entire economies: Women are being sidelined from economic progress because of limited access to financial services.

Let's Empower Local Microfinance Solutions

Joyce Kim | Posted 06.01.2015 | Impact
Joyce Kim

But as the tech world continues to develop sleeker financial technology, let's not forget about the potential for sustainable progress and pervasive change in microfinance, for the people who need it most.

Bitcoin Revisited: Focus on Alternative Currency Masks the Power of Blockchain Technology Innovation

Tilman Ehrbeck | Posted 04.25.2015 | Impact
Tilman Ehrbeck

The notion of national currencies and fiat money is central to modern economies and government financing. I can't see a world in the foreseeable future, where sovereign nation states give up the control over what currency must be used for conducting its business.

Give a Girl a Savings Account and Watch What Happens Next

Joyce Kim | Posted 04.06.2015 | Impact
Joyce Kim

Focusing on girls is a priority for Stellar because we're looking for ways to have a massive global impact on access to financial services. Taking a page from The Girl Effect, this is our (financial-centric) response to, Why girls?

How Capitalist Visionaries Will Change The World

Arjan Schütte | Posted 02.16.2015 | Business
Arjan Schütte

The developed world functions in no small part at the will of the free markets' Invisible Hand. But sadly our free markets and our financial systems have also left a toll on millions and have yet to touch billions.

Should Government Policies Rely More on Psychology?

Tilman Ehrbeck | Posted 01.20.2015 | Impact
Tilman Ehrbeck

Most policy matters are not as profound as the design of a national approach to organ donations, but governments are increasingly using behavioral science to better design policies and deliver services.

3 Lessons on Financial Inclusion and the Sharing Economy

April Rinne | Posted 12.25.2014 | Business
April Rinne

Why is it that despite new technologies and widespread innovation, today's financial sector provides such ill-fitting products and services to so many people and leaves so many more entirely unserved? We are missing a huge opportunity for business, policy and society alike - a missed opportunity with lasting negative effects