Our Assessment
Families – especially those with limited incomes – face challenges in managing their cash flows, building assets and securing economic resilience. Traditional financial education with one-way information flow often fails to help. Behaviorally informed approaches, linked to moments of financial decision-making, show promise for supporting healthy financial behavior.
Now, we want to hear from you! How do you think the world is doing on Financial Capability?
9 Comment(s)
Tom Sanderson
POSTED ON OCTOBER 1, 2015 at 3:47 PM
Putting myself in the shoes of my friends in rural Uganda, I think I would be distrustful of MNO, bank and Government marketing campaigns. I would much rather rely on information and experiences of my friends. And if my friends are not financially connected I’m unlikely to be the first mover. I’m risk averse and have many questions. In this context I’d really like to hear from others’ experiences and I think an independent radio discussion or community forum might be a good place to go. I’m sure there’s a role for public service mass media to support and accelerate inclusion.
Tim Liu
POSTED ON OCTOBER 7, 2015 at 9:20 AM
Financial capability in China has not yet been listed in the agenda of the industry of microfinance or even the development of inclusive finance system. The industry is heavily focussing on providing micro and small loans to MSMEs but lack of efforts to develop full range of microfinance with microcredit, microsaving, remittance and micro-insurance. Compared with some countries like India and South American countries, China is lack of efforts on Financial Capability due to many reasons: costy of designing education materials and delivery. Even China is facing difficulty to use international financial education materials, like ACCION DoB due to language obtacles.