Making financial services meet the needs of the world’s most vulnerable
People living in poverty constantly juggle an evolving set of risks and crises in their daily lives. Climate change, the pandemic, and the ongoing food crisis, among others, have increased these risks substantially, contributing to a rise in global poverty and inequality. Meanwhile, a third of the world’s adult population lacks the financial services they could use to significantly improve their lives. CGAP is working to change this, and we believe that positive trends in inclusive finance offer hope for a green, resilient, and inclusive future.
This paper summarizes nearly two decades of learning to help practitioners realize the social and business case for financially including young women. It presents customized strategies covering product design, delivery, financial capability building, and social intermediation to address the needs of different segments in this diverse and critical client group.
Impact investors are shifting towards outcomes-focused impact measurement and management (IMM) to enhance transparency and mitigate risks. This approach prioritizes measuring actual development and intermediate outcomes, like women's economic empowerment, and integrates this data into decision-making. The paper outlines key enablers to advance outcomes-focused IMM within financial inclusion investments.
Building on decades of global and country knowledge, this Responsible Digital Finance Ecosystem (RDFE) conceptual framework seeks to encourage financial sector authorities, and other key ecosystem actors, to boost financial consumer protection in the digital era with a holistic vision of the ecosystem.