Financial Inclusion
Financial inclusion can basically be defined as everybody having access to an appropriate range of financial products and services, which allows them to effectively manage their money, regardless of their level of income or social status (perceived or otherwise).
People and families being financially excluded matters as it is likely to cause hardship amongst those who are already the most vulnerable and disadvantaged members of our society.
Having no access to mainstream financial services can be a real problem for those who can least afford to be left out and may mean they will end up paying more for their basic needs.
To be financially excluded can mean paying high and extortionate interest rates for credit needs due to having no access to affordable rates from the mainstream banking sector.
This section has been designed to provide information along with helping people with their basic financial skills, suitable product knowledge and availability.