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Fitting Financial Inclusion into "Le Bénin révélé"

The new government in Benin has ambitious plans for the economy. Addressing financial inclusion should be a key component.

Nearing Full Financial Inclusion, Rwanda Should Look to the Future

In early December, MTN Rwanda announced it surpassed 1 million active mobile money users, a testament to the important contribution digital financial services (DFS) are making to inclusive finance.

Nearing Full Financial Inclusion, Rwanda Should Look to the Future

In early December, MTN Rwanda announced it surpassed 1 million active mobile money users, a testament to the important contribution digital financial services (DFS) are making to inclusive finance.

Picturing Progress: The CFI Inclusion Visualizer

Helping stakeholders move the needle on financial inclusion around the world.

Picturing Progress: The CFI Inclusion Visualizer

Helping stakeholders move the needle on financial inclusion around the world.

Mozambique: Uneven Access a Challenge to Financial Inclusion Targets

With only 24% of adults in urban areas with access to financial services, Mozambique lags behind its peers in financial inclusion. Perhaps unsurprisingly, the numbers are even lower with rural and female population. In July 2016, Mozambique introduced a new financial inclusion strategy designed to increase access to financial services from 24 percent to 60 percent of the population by 2022.

Reaching Rural Areas is the Key to Unlocking Full Financial Inclusion in Malawi

As Global Findex reports, only 18% of adults in Malawi have access to a bank account and just 6% have access to formal lending. According to data from the United Nations, 84 percent of the population in Malawi lives in rural areas, which, along with its ethnic and linguistic diversity, presents unique challenges for increasing financial inclusion.  

Kerala: A Model State for Financial Inclusion

In November 2014, Kerala became one of the first states in India where every household had access to at least one bank account. The Ministry of Finance applauded this result, declaring it a “100 percent saturated state”. However, a recent estimate found that a large number of accounts are dormant or inoperative and, further, that many individuals hold multiple bank accounts, which presents overindebtedness concerns. Yet, even without full saturation, Kerala remains a leader in financial inclusion in India and, thus, the industry can learn from its accomplishments.

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