Expanding Financial Inclusion: Microfinance

By Fermin Vivanco, Maria Luisa Hayem and Andrea Reyes. Access to Finance Unit, Multilateral Investment Fund, IDB.

Access to reliable and affordable financial products is critical when it comes to saving money for children’s education, protecting against setbacks, or borrowing money to start a business. Globally, more than 2.5 billion people are unbanked or underbanked, lacking access to the financial services necessary to engage in the local economy and safely conduct basic financial transactions. Solutions to many of these challenges come in the form of microfinance institutions (MFIs) that help provide access to specialized financial products.

martes, 30 de abril de 2013/Author: Fermín Vivanco/Number of views (5502)/Comments (0)/ Article rating: No rating