Financial inclusion as a critical cog for development (Part 2)

In the first part of this four-part series, we covered the basics of financial inclusion. Definitions and components of the subject matter were clearly articulated. It was noted that the key components of financial inclusion are access, usage, and quality. We also argued that affordability of financial solutions is part of the access component hence it could not be treated separately. The article was concluded by providing four lenses through which financial inclusion could be looked at notably as concept, policy, practice, and strategy. In this article we will delve into the key drivers of financial inclusion.

• financial literacy