Inclusive Finance in Bangladesh: Included those who are excluded [Some Random Thoughts]
Inclusive finance is the range of financial services that made available for the unbanked people. These people are usually locked out of the conventional banking system due to their low income and low social status. Inclusive finance helps them to finance their activities, save money, support their families and hedge against the risks of everyday life. Financial Inclusion is also linked with the process of social inclusion. A variety of players work to develop inclusive financial services, such as microloans, micro insurance, money transfer and savings products. They are marketed by a variety of financial institutions, such as microfinance institutions, cooperatives, insurance companies, banks and non-bank financial institutions. These distributors must fulfill their duties in a responsible and social way if they are to achieve the main objective of inclusive finance: fighting against poverty and inequality. Microloans, small loans for the creation of an income-genera...