Daily Archives: Sep 11, 2015

By Matt Gamser, SME Finance Forum

Financial inclusion has become something of a buzz term in development circles. It is generally understood to mean the provision of finance and financial services by regulated institutions to disadvantaged and marginalised sectors of society, those who have been ‘excluded’ in the past.

What is not spoken about or generally well understood is that the group of ‘excluded’ includes the owners of small and medium-sized businesses (SMEs). When we speak about where financial inclusion is most critical, we are generally referring to the 4bn people on the planet who live on less than $2 a day.

The owners of small businesses are generally not in that group. But they are the most likely employers of the 4bn and are themselves being starved of capital. Read more