Informal Economy | Impact Entrepreneur

How Immigrants and Villagers Create Their Own Financial Inclusion

How Immigrants and Villagers Create Their Own Financial Inclusion

by Jeffrey Ashe | Africa, Asia, Blended Finance & Philanthropy, Editor's Picks, Financial Inclusion, Gender Lens, Global, Impact Economy, Latin America, North America, Regions, SDG 1 - No Poverty, SDG 10 - Reduced Inequalities, SDG 11 - Sustainable Cities and Communities, SDG 2 – Zero Hunger, SDG 5 - Gender Equality, Systems Change

Three facts: 419 million adults in developing countries accumulate useful amounts of capital in savings circles that they organize and run themselves. These groups work based on commonly understood principles of disciplined savings, mutual accountability, and support...