What started with the promulgation of microcredit among the world’s poorest people has broadened into mobile banking, microinsurance and e-money targeted to unbanked and underserved populations. This report from The Economist Intelligence Unit shows that, although no consensus exists on what a national financial-inclusion strategy should incorporate, some countries have made significant progress in individual areas. But the paper also highlights the untold downside of financial inclusion: Success may result in more debts than assets for the poor. getAbstract recommends this wide-ranging report on financial services in the developing world.
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