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Financial Inclusion

Genius in Microfinance - Reflections on Pancho Otero

Elisabeth Rhyne | Posted 08.12.2014 | World
Elisabeth Rhyne

In a recent retrospective, Rich Rosenberg called Pancho Otero, the founding leader of Bolivia's Prodem and BancoSol, a genius. With Pancho's sudden de...

How Small Loans Mean Big Changes For Rural Women

Julie Slama | Posted 09.16.2014 | Impact
Julie Slama

In most countries of Latin America and the Caribbean, poverty is concentrated in the rural areas, where approximately 125 million people live. The majority of the population is made up of self-employed farmers and small business owners who rely on their own hard work to survive.

Advancing Financial Inclusion -- One Service at a Time

Gina Harman | Posted 09.23.2014 | Business
Gina Harman

Given the potential for great returns, a flurry of entrepreneurial activity has generated services to cater to individuals who live and work outside the financial mainstream. While not all of this activity is positive, a few promising innovations stand poised to increase financial inclusion in the U.S. and abroad.

Can India Achieve Financial Inclusion within the Next Few Years?

Tilman Ehrbeck | Posted 09.22.2014 | Politics
Tilman Ehrbeck

Between far-sighted enabling regulation, investments in 21st century infrastructure, and the willingness to channel its own transactions to lubricate the system, India is pulling all the right levers to advance financial inclusion and economic citizenship.

Women and Money: Bridging the Financial Inclusion Gender Gap in the Global South

Josephine d'Allant | Posted 08.05.2014 | Impact
Josephine d'Allant

The urban poor in the Global South lack access to banking and financial services, and women are disproportionately affected. They are less likely than men to hold a bank account, to take out a loan, or to borrow money.

Black and Brown America -- Here Comes the Memo

John Hope Bryant | Posted 08.03.2014 | Black Voices
John Hope Bryant

It's time for black and brown America to get their copy of what I call The Memo. It's so straight forward, you can decide to ignore this article ...

Payment Innovations Improve Access to Solar Energy and Clean Water for the Poor

Tilman Ehrbeck | Posted 08.02.2014 | Money
Tilman Ehrbeck

How, exactly, does it help, when the reckless expansion of mortgage credit in North America just triggered the deepest recession in recent memory?

Microcredit Impact Revisited

Tilman Ehrbeck | Posted 06.29.2014 | Impact
Tilman Ehrbeck

While the technical arguments might seem arcane, the underlying question of the impact of a development intervention is an important one.

Moving Past the Shoebox

Jeroo Billimoria | Posted 05.14.2014 | Impact
Jeroo Billimoria

For too long, the world has turned a blind eye to the very real financial needs of young people, including the need to be able to save money in a secure yet accessible way.

On International Women's Day, ‘Invisible' Women Need Financial Access

Mary Ellen Iskenderian | Posted 05.08.2014 | Impact
Mary Ellen Iskenderian

Wherever she lives, no matter what country, when a woman controls her own finances she invests that money in ways that can bring about long-term change -- education for her children, health care and better housing for her family. But low-income women around the world are routinely denied access to the basic financial products that most of us take for granted.

When Given the Opportunity, Extreme Poor Take Destiny Into Their Own Hands

Tilman Ehrbeck | Posted 05.04.2014 | Impact
Tilman Ehrbeck

According to the International Labor Organization, only 20 percent of the world's population has adequate social security coverage such as a pension or health insurance and more than half lack any coverage at all.

Big City, Big Dreams

Suzanne Skees | Posted 04.11.2014 | Small Business
Suzanne Skees

Feeling like she's always running in circles, Anali runs a small weaving microbusiness, studies accounting at university, and cares for her partner and daughter at home. She left her rural village and is already banking on a brighter future for herself and her kids.

Bitcoins and Financial Inclusion: Not Much of a Link for Now

Tilman Ehrbeck | Posted 03.26.2014 | Impact
Tilman Ehrbeck

Beyond being digital, what does Bitcoin have in common with electronic money and financial inclusion generally? At this point, there seem to be more differences than similarities and it's important not to conflate electronic money with the virtual currency.

Avoid Blaming the Victim in the Financial Literacy Debate

Tilman Ehrbeck | Posted 02.18.2014 | Impact
Tilman Ehrbeck

When things go wrong, financial services can make life more difficult: Too much debt, too little savings, wrong insurance. Researchers have tried to tackle the issue of how to best make services accessible to people who are innately smart, but not literate.

The Promise of Financial Inclusion

Mahmoud Mohieldin | Posted 02.05.2014 | Business
Mahmoud Mohieldin

Half the world's adults, approximately 2.5 billion individuals, do not have an account with a formal financial institution. Lack of access to finance is disproportionately skewed towards the poor, women, youth, and rural residents.

Continuing the Poverty Eradication Work of Dr. Martin L. King, Jr., Introducing Project 5117

John Hope Bryant | Posted 01.25.2014 | Impact
John Hope Bryant

Dr. King believed, and I believe rightly so, that America could never achieve her full potential until Black America and other minority groups, as well as other low-wealth communities and left-behind populations, had an equal shot at the American dream.

Open-Source Capitalism and the HOPE Global Financial Dignity Summit

John Hope Bryant | Posted 01.25.2014 | Business
John Hope Bryant

The real vision, mission and purpose for the 2nd annual HOPE Global Financial Dignity Summit was actually quite simple -- to break the traditional cyc...

Why Financial Access for the Poor Might Be Even More Important Than You Thought

Tilman Ehrbeck | Posted 01.25.2014 | Impact
Tilman Ehrbeck

There is a growing body of empirical evidence that shows that the appropriate financial services help poor families in the informal economy of developing countries improve their lives.

PHOTOS: What If The Poor Weren't Marginalized?

Sue Pleming | Posted 01.23.2014 | Impact
Sue Pleming

The idea of "financial inclusion" can seem abstract or difficult to comprehend until you put a human face on it. The picture gallery below does just t...

The European Case: Financial Inclusion & the Prevention of the Next Financial Crisis

Child and Youth Finance International | Posted 01.23.2014 | Money
Child and Youth Finance International

2013-09-23-EntChallenge.jpgIt is our responsibility to make sure that our children are well prepared to make financial decisions.

Tapping an Invisible Market: We Can Make Financial Inclusion a Reality

Michael Schlein | Posted 01.23.2014 | Impact
Michael Schlein

It is time to think bigger -- making the "invisible market" a visible, thriving sector for sustainable growth, and helping 2.5 billion people work their way out of poverty and improve their lives.

Can E-Money Do to Banks What Amazon Did to Booksellers?

Tilman Ehrbeck | Posted 01.23.2014 | Technology
Tilman Ehrbeck

When people trust digital means of payment people start going "cash-lite." That's why mobile money is spreading in a number of developing economies, and why 40 percent of Americans now typically carry less than $20 cash in their wallets.

Redefining Success. Putting Money Back In Its Place.

John Hope Bryant | Posted 01.23.2014 | Small Business
John Hope Bryant

For 100 years the world has been on a fairly consistent march towards more and more free enterprise, and deeper and more sharp edged caverns of capitalism. And for approximately 80 of those years, most of the developed world was not on a bad path.

Mississippians Report Financial Challenges to Consumer Protection Bureau

Bill Bynum | Posted 11.24.2013 | Impact
Bill Bynum

A big obstacle is the closing of bank branches in small towns and low-income neighborhoods. "When the bank told us they were leaving in five weeks, it set off a small panic," said Kenneth Broome, the mayor of Utica, Miss.

G20 Lays Out Plan That Could Help World's Poor - If Leaders Step Up

John Ruthrauff | Posted 11.07.2013 | Impact
John Ruthrauff

The G20's focus in 2013-2014 will continue to include food security for the poorest families, providing financial services to rural poor who lack access to banks, and reducing the cost to immigrants sending remittances home to their families.