Veena Jayadeva

By Veena Jayadeva


Financial Institutions with a Double Bottom Line

This Occasional Paper summarizes the results of CGAP's survey of the global outreach of a broad set of institutions that extend financial services downward -- institutions with a "double bottom line" of financial and social/development objectives. The survey found that over 750 million accounts exist below the traditional level of commercial banks and that a substantial fraction of these predominantly savings accounts probably belong to the poor or near poor -- and represent an important opportunity for outreach.