Increasing financial access and understanding to reduce poverty and expand prosperity
Financial inclusion is essential to promoting equitable economic growth. FMI’s financial inclusion work aims to bring individuals and businesses into the formal financial sector by expanding access to useful and affordable financial products and services that meet local needs and are delivered in a responsible and sustainable way. In doing so, FMI empowers households and firms to protect themselves against risks, make long-term investments, and build long-term financial security. FMI’s experience includes several training and outreach programs designed specifically for women, minorities, youths, and vulnerable groups, who are particularly disadvantaged by low levels of financial inclusion. Over the last decade, FMI has emerged as a leader in donor-funded financial literacy, consumer protection, and entrepreneurial development programs, designing a proprietary curriculum based on international best practices. FMI has also developed several financial technology and digital finance solutions that can reach new client segments that were previously excluded from the formal financial system in a cost-effective and responsive manner.