News

11.19.2012

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Elisabeth

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Poor and access to banks.

More than 2.5 billion people are without access to banking services.

Source: WorldBank

2.5 billion people are without access to banking services.
This figure covers more than half the people in developing countries and 10% of people in developed countries.
75% of adults earning less than two dollars per day do not have a bank account.

Why trends are so important?
While two thirds of those surveyed responded that their lack of bank account is due to their poverty, third answer is that the cost of opening an account, its maintenance, and distance from the banks which grow not have a bank account.

Accordingly, all persons who are not known informal banking have no way to manage their money and place "under the mattress."

This practice has many adverse effects. Not to mention the risk of theft, the use of their credits are often rejected without mention of insurance.
The consequences of non-banking are dangerous: Unable to ensure their solvency traditional banking institutions, most of the loans are from informal organizations, which perform very high interest rates, due to their advantage over their clients.

yet have a bank account provides many benefits, especially for people in developing countries. Beneficiaries can store their money, learn how to manage and to be able to capitalize the costs of their children's education, buying a decent and perhaps the creation of a company.

non banking is proof the market fails to provide safe and affordable financial products to those who do not.

As noted in the Chairman of the World Bank, Robert B. Zoellick ".... more poor rely on these services (banking), the more they can focus on the future"

This is to allow people who are deprived of access to traditional banks that microfinance is. Microfinance can learn to manage his money, and be able to open his own business.

investing MicroWorld , you allow microentrepreneurs Madagascar, Senegal, Peru, Tajikistan, Cambodia and Lebanon have access to microcredit and so to create or expand a business.