Home / Impact Economy / Financial Inclusion / Fintech for Good: Equitable Access to Affordable Credit

Fintech for Good: Equitable Access to Affordable Credit

How innovative companies are addressing this challenge in the U.S.

Thirty percent of Americans lack access to affordable banking services that can support them during difficult times. Unfortunately, the pandemic exacerbated this reality and the latest economic challenges only worsen the matter. Those who lost jobs during the pandemic became further unprepared for financial emergencies. Among laid-off workers, minorities, in particular, faced great financial management hurdles. Getting a loan when needed, such as buying a car or home, is impossible for many. According to the Consumer Finance Protection Bureau (CFPB), 1 out of 5 adults are “credit invisible” and hence ineligible for a loan, despite many who make regular rent…
This content is for those with Premium Member Access.
Login Join Now
Carol Caruso is a social impact entrepreneur, investor and advisor. She has over 20 years of global experience working in inclusive finance, digital technology, advising and investing in social impact startups and previously co-founded an Inclusive Fintech startup. Carol has extensive experience and passion in driving social impact through the ... Read more
Impact Entrepreneur Premium Members get full, priority access to ValuesAdvisor. A curated database of values-aligned financial advisors.

Related Content



Project DEEP. Sorenson Impact Center. SBT

Deep Dives


Editor's Picks


News & Events

Subscribe to our newsletter.

Subscribe to our newsletter to receive updates about new Magazine content and upcoming webinars, deep dives, and events.

Access all of Impact Entrepreneur.

Become a Premium Member to access the full library of webinars and deep dives, exclusive membership portal, member directory, message board, and curated live chats.

ie frog