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Economics

Financial Inclusion Initiatives and Their Role in Reducing Poverty Inequality

Quick fact

In Kenya, the introduction of the mobile money service M-Pesa lifted an estimated 2% of households out of extreme poverty, and the gender gap in financial access has narrowed as a result.

Why this is interesting

You probably have a bank account, but did you know that nearly 1.4 billion adults worldwide still don't? What happens to their ability to escape poverty if they can't save or borrow safely?