What is Inclusive

Finance?
INFUSE Presentation to UNTL, Victoria
University and FASPOL, 6 July 2009
 Inclusive Finance is…..
Financial services for all…..Everyone, including low income
and self-employed people even in rural areas, have
access to sustainable financial service providers that
provide a variety of financial products and services that
are good quality, appropriate, affordable, and reliable.
Making use of financial services
Everyone needs access to a
range of basic financial services
such as loans, savings, money
transfer services and insurance.

People living in poverty need

these financial services to run
their businesses, build assets,
smooth consumption, and manage
risks.

They use these services not only

for investment in their businesses
but also to invest in health and
education, to manage household
emergencies, plan for important
life events, and meet the wide
variety of other cash needs that
they encounter on a daily basis.
 Role of Inclusive Finance in
national development
An efficient and stable financial
sector is a key part of any economy.
It contributes to economic
development through money
mediation, and is essential for
entrepreneurial investments that
create jobs and economic growth.

A stable financial sector also facilitates poverty reduction. Financial

services for poor people have proven to be a powerful instrument for
reducing poverty by enabling people to build assets, increase and
smooth incomes, reduce their vulnerability to economic shocks,
invest in health and education, plan for the future, and increase their
self-confidence to participate in decision-making.
 Who provides financial services?
Financial Service Providers (FSPs) include:
Banks
Specialized NGO-Microfinance Institutions
(MFIs)
Credit unions / financial cooperatives
Non-bank financial institutions (insurance
companies, pawn shops, money transfer
companies, finance companies)
Goal of Inclusive Finance
Promotion
The goal of Inclusive Finance is
that everyone (including the
poor and self-employed)
should be able to have:
a bank account,
a safe place to save their
money,
the choice to buy insurance,
ability to transfer or receive
money to and from family
members in other locations,
access to credit for investment
and emergencies.
End of the Presentation:
Thank you