Financial Capability and Consumer Protection – A way Forward to Financial Inclusion in Africa

26 Aug 2010
  • Karen Losse
  • Margaret Miller
  • Pim Engels

Poor households and low-income individuals often have limited access to basic consumer financial services, such as payments, savings, loans and insurance. Consequently, they lack the assets needed to finance life-cycle events such as birth, marriage and education, they remain vulnerable to adverse shocks, and have to revert to expensive and traditional forms of finance. In Africa, on average only 20 percent of households have access to formal financial services. Even […]