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In times of crisis, our values matter more than ever.
CGAP’s vision is a world where poor people, especially women, can benefit from financial services to capture economic opportunities, access essential services, and build resilience – including in the context of climate change. In these deeply troubling times, the values we share of dignity and respect for every person, where racism has no place and diversity is celebrated, are ever more important to affirm. We stand with everyone around the world working for justice, human dignity and equality.
Nearly 500 million micro and small enterprises (MSEs) are estimated to be operating around the world. Access to credit and other financial services is critical to the growth and sustainability of these businesses, and consequentially to the low-income and vulnerable populations which rely on MSEs for their livelihoods. Yet despite decades of efforts and some notable successes in expanding MSE finance, the credit gap remains an estimated 4.9 trillion U.S. dollars.
Bancolombia is a great example of a provider that's been successful in developing rural agent business models at scale, therefore playing a critical role in furthering financial inclusion. Here, we look at the factors that explain their success.
Despite its success developing digital public infrastructure to enable inclusive financial development, India still faces challenges in bringing formal credit to rural and low-income households. A new app supported by CGAP aims to provide a solution.
Central banks have been eying the emergence of privately issued digital currencies with a mix of excitement and anxiety, and some began experimenting with central bank digital currencies (CBDCs). Some advocates say CBDCs will help central banks advance financial inclusion. But are CBDCs really a game-changer for financial inclusion?
Featured Collections
Market conduct supervisors (MCSs) charged with protecting consumers of financial products and services place great value on identifying, understanding, and tracking industry developments and market-level consumer risks and consumer behavior.
Cash-In / Cash-Out for Rural Agent Networks
