[PDF] Financial Inclusion For Poverty Alleviation eBook

Author : Essam Yassin Mohammed
Publisher : Routledge
Page : 260 pages
File Size : 13,86 MB
Release : 2017-12-12
Category : Business & Economics
ISBN : 1351595121

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More than one billion people still live below the poverty line – most of them in South Asia and Sub-Saharan Africa. Financial inclusion is a major issue, as more than three-quarters of the numbers of poor and disadvantaged women and men do not have access to financial products and services, such as bank accounts, affordable and suitable loans, and insurance. The key objective of this book is to provide practical case studies of financial inclusion, rather than focus on academic debates such as the ideological basis of promoting microfinance. Using the recently adopted Sustainable Development Goals as an overall framing of the issues, it shows how poor and disadvantaged women and men can be bankable if the right facilitation for maximizing opportunities and addressing constraints are in place. Case studies confirm that achieving inclusive and sustainable access to financial products and services goes beyond simply enabling poor and disadvantaged women and men to have access to credit, or the ability to open a bank account. Examples from Africa, Asia and Latin America demonstrate encouraging progress in making microcredit accessible to millions of poor people. The foremost challenge, however, has been to ensure that they have access to, and usage intensity of, suitable and affordable financial products and services that meet the needs of their livelihoods as well as risks and mitigation strategies. This requires understanding that poor and disadvantaged women and men do not exist in isolation from complex and interdependent functions in the financial system, which includes a number of actors, diversified services, constraints (not just symptoms) and capacities and incentives. Overall, the book provides a rich source of examples of how building inclusive financial systems can empower the world's poor – by increasing income and employment opportunities, securing livelihoods and reducing poverty.

Author : Muhamed Zulkhibri
Publisher : Springer
Page : 336 pages
File Size : 43,94 MB
Release : 2017-11-30
Category : Business & Economics
ISBN : 3319697994

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This book explores the relationships between financial inclusion, poverty and inclusive development from Islamic perspectives. Financial inclusion has become an important global agenda and priority for policymakers and regulators in many Muslim countries for sustainable long-term economic growth. It has also become an integral part of many development institutions and multilateral development banks in efforts to promote inclusive growth. Many studies in economic development and poverty reduction suggest that financial inclusion matters. Financial inclusion, within the broader context of inclusive development, is viewed as an important means to tackle poverty and inequality and to address the sustainable development goals (SDGs). This book contributes to the literature on these topics and will be of interest to researchers and academics interested in Islamic finance and financial inclusion.

Author : Stefan Johnson
Publisher : GRIN Verlag
Page : 109 pages
File Size : 33,76 MB
Release : 2016-06-28
Category : Business & Economics
ISBN : 3668248648

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Master's Thesis from the year 2014 in the subject Economics - Finance, grade: 3, University of Applied Sciences Osnabrück (WiSo), course: International Business and Management, language: English, abstract: This paper observes the relationship between multiple variables in order to determine whether Financial Inclusion can be used as a tool for poverty reduction in the Middle East and North Africa. There are many reports that identify this to be function to something very likely as a tool around the world; however, there has been limited work regarding financial inclusion and the Middle East and North Africa. Through qualitative and quantitative research, this paper examines the possibility of this theory working in MENA. Wide income disparities, combined with government corruption, religious dispositions, and an overall lack of money are contributing barriers to the unbanked. These factors greatly limit the use of this tool until other issues are tackled and governments commit to more policies that will be conducive to growth; banks must be more open to lending; and people will have to become more financially literate. The World Bank, Gallup, the IMF, and various authors, in addition to the World Bank FINDEX dataset are used to reference information conceded by well-respected authors in the financial-, development-, and in the government sector. Although there seems to be a great deal of promise with the concept of Financial Inclusion as a Tool for Poverty Reduction world wide, it seems to be very limited in MENA, in the poverty-stricken nations. Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, and Yemen are observed in the report. Generally, there are barriers preventing the implementation of inclusiveness, which will prevent the advancement of poverty alleviation. More government commitment is required.

Author : Abdelrahman Elzahi Saaid Ali
Publisher : Springer Nature
Page : 393 pages
File Size : 14,3 MB
Release : 2020-07-01
Category : Business & Economics
ISBN : 3030399397

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This book is the second of two volumes which highlight the concept of financial inclusion from the Islamic perspective. An important element of the Sustainable Development Goals (SDGs), financial inclusion has been given significant prominence in reform and development agendas proposed by the United Nations and G-20. The significance of Islamic financial inclusion goes beyond improved access to finance to encompass enhanced access to savings and risk mitigation products, as well as social inclusion that allows individuals and companies to engage more actively in the real economy. It represents one of the important drivers of economic growth. This volume explores the financial risks associated with lending to low-income groups due to high poverty levels and the lack of collateralization mechanisms. The first book on the market to provide empirical evidence of Islamic microfinance, deposit insurance and micro-entrepreneurship through the analysis of models and country case studies, this edited collection will be of value to those researching development finance, financial inclusion and Islamic finance.

Author : Inoue Takeshi
Publisher : World Scientific
Page : 164 pages
File Size : 11,54 MB
Release : 2019-05-09
Category : Business & Economics
ISBN : 9813279109

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Many empirical analyses have demonstrated that financial inclusion and remittance inflows both indicate the potential of finance to resolve issues of growth and poverty in developing countries. Based on a wide-ranging review of prior research and empirical analyses from a new perspective, this book aims to systematically clarify the relations between financial inclusion, remittance inflows, economic growth, and poverty reduction in developing countries, revealing a new role for development finance.

Author : World Bank Group
Publisher : World Bank Publications
Page : 226 pages
File Size : 43,32 MB
Release : 2013-11-07
Category : Business & Economics
ISBN : 0821399853

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The second issue in a new series, Global Financial Development Report 2014 takes a step back and re-examines financial inclusion from the perspective of new global datasets and new evidence. It builds on a critical mass of new research and operational work produced by World Bank Group staff as well as outside researchers and contributors.

Author : Shan Kurincheedaran
Publisher :
Page : 16 pages
File Size : 25,8 MB
Release : 2020
Category :
ISBN :

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Promoting financial inclusion is considered as primary strategy in poverty alleviation efforts globally. However, the effectiveness of financial inclusion in achieving poverty free world is fairly inconclusive. This study examines the impact of financial inclusion on poverty in low and lower-middle income countries by employing multivariate OLS and the Ordered Probit Model. The estimation under multivariate OLS model confirms that the improvement in financial inclusion reduces poverty even after controlling for physical and human capital. The results are robust and statistically significant. It reveals that the Financial Inclusion Index (FII) has greater impact on poverty than Adults Account Holding Ratio (ADACC) indicating to policy makers that improving account penetration alone has little impact on poverty reduction. Thus a mixed approach is required for an effective poverty alleviation intervention. In addition, the positive and significant relationship between primary education and poverty signals that the failure of attending primary education at appropriate age induces poverty.The ordered probit model takes into account of greater discrepancies in poverty among low and lower-middle income countries when estimating the impact of financial inclusion on poverty. This model estimates the likelihood of a country being exposed to different scale of poverty given the level of financial inclusion. While the sign and the significance of coefficient show that the financial inclusion lessens poverty the marginal effects indicate that the impact of financial inclusion varies based on the scale of poverty. Accordingly, financial inclusion is most likely to reduce poverty significantly in countries where poverty is very low and further increases poverty in countries where poverty is very high. This finding will help policy makers to reassess their poverty alleviation strategies for countries exposed to very high poverty.

Author : Goksu Aslan
Publisher : International Monetary Fund
Page : 32 pages
File Size : 37,84 MB
Release : 2017-11-07
Category : Business & Economics
ISBN : 1484328728

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We investigate the link between gender inequality in financial inclusion and income inequality, with three contributions to the recent literature. First, using a micro-dataset covering 146,000 individuals in over 140 countries, we construct novel, synthetic indices of the intensity of financial inclusion at the individual and country level. Second, we derive the distribution of individual financial access “scores” across countries to document a “Kuznets”-curve in financial inclusion. Third, cross-country regressions confirm that our measure of inequality in financial access is significantly related to income inequality, above and beyond other factors previously highlighted in the literature.

Author : Susan Johnson
Publisher : Oxfam
Page : 148 pages
File Size : 21,46 MB
Release : 1997
Category : Business & Economics
ISBN : 9780855983697

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The book emphasizes the importance of studying the local context, and then considering the macroeconomic factors which may be operating upon the economy of a particular country. Five extended case studies, in the Gambia, Ecuador, Mexico, Pakistan, and the UK are examined with reference to further aspects of sustainability and impact assessment.

Author : Lucas Elumah
Publisher : LAP Lambert Academic Publishing
Page : 60 pages
File Size : 40,37 MB
Release : 2016-01-08
Category :
ISBN : 9783659820472

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This study is carried out with the objective to carefully examine financial Inclusion in a developing country and how it helped reduced poverty in Nigeria, ascertain if financial institutions facilitate more access to credit facilities, and to investigate the causes of financial exclusion in Nigeria. Developed countries have realised that there are complex and multi-dimensional factors that contribute to financial exclusion; hence, variety of providers, products and technologies that best suits the socio-economic, political, cultural and geographical conditions in these countries have been introduced accordingly. The Nigerian banking system is growing but at a semi fast rate when compared to other international institutions. This is perhaps due to the limited level of exposure of its services to the public thereby resulting to a low level of access to these facilities. Access and use of the services that banks have to offer is one of the primary driving factors of further growth. Financial inclusion is critical as increasing the poor's access to financial services is often considered as an effective tool that can help reduce poverty and lower income inequality.