Economic growth doesn't mean anything if it leaves people out.
Investing for the poor requires participation from the entire community.
After I got into the industry, I got into fashion because before that, I wasn't really into fashion because I couldn't really afford anything. After, I got into this industry, and then I could start to afford them. I started to get into more of the high-fashion stuff.
At LearnVest, we're working to make financial planning both accessible and affordable so that everyone has the opportunity to get on track financially.
Microfinance is an idea whose time has come.
Money should never be a barrier to whether or not a young person is given the opportunity to succeed.
Microcredit has shown how you can reach out to people that conventional banking cannot. It has demonstrated that it's a doable proposition.
Mobile phone technology can help to bring financial services to the 80 percent of African women who do not have a bank account and bolster the growth of the world's poorest continent. It's not just about empowering women, it's about economic growth. Unless we can make access to finance easier for women in their businesses, we will be missing out on a significant portion of growth within our economies
Saving for the future shouldn't be a privilege for the wealthy.
The developing world is full of entrepreneurs and visionaries, who with access to education, equity and credit would play a key role in developing the economic situations in their countries.
Retail banking in Africa is very weak. You can't go to a village and get money from an ATM or visit a branch of the bank. So people have to use the Internet.
It follows that America's primary interest is to help ensure that no single power comes to control this geopolitical space and that the global community has unhindered financial and economic access to it.
Our idea is to serve everybody, including people with little money.
Microfinance is an incredibly powerful tool ... but we must move beyond micro-hopes and micro-ambitions for women.
I dream of a Digital India where mobile and e-Banking ensures Financial Inclusion.
I was turning up at sets where inexperienced people were making these badly written films - but they were doing it; that was the point. They were getting their films out there. And they were paying me, so they obviously had access to money. I just thought, 'I can make something better than this.'
The digitisation of money, the rapid expansion of internet access and, of course, the adoption of mobile phones have created the perfect conditions to make it easier, secure, and affordable to save, spend, give, and borrow.
Time and again we’ve seen that reducing poverty comes down to economic opportunity-not just connecting the poor to services like banking, but ensuring they can be producers on fair terms in the global economy.
Managing and moving your money should be a right, not a privilege. This isn't about banking the unbanked. It's about re-imagining what consumer retail banking can be.
I've already made some changes. I have suspended certain things. Certainly, opening bank accounts, and whether you can or cannot as an illegal immigrant, I'm not sure that the data that we have is accurate enough, so I have suspended that for the time being.
We are extremely focused on building some of the assets which are going into mid-India, semi-urban and rural, and that's our DNA. We are building a retail bank, and a lot of the deposit base is still in urban India.
In a system of capitalism, as people's wealth rises, the financial incentive to serve them rises. As their wealth falls, the financial incentive to serve them falls, until it becomes zero. We have to find a way to make the aspects of capitalism that serve wealthier people serve poorer people as well.
Our number one priority is to spend every peso possible to include those who are currently excluded.
In the developing world, they don't have smartphones yet. They have the older plastic phones, but women are saving money on those, because they don't have access to banks. Having that access to digital money changes everything for her because she actually doesn't have to negotiate with her husband, which she will tell you is very hard in these circumstances, especially when the means are meager. She's expected to have money to pay for the kids' health or to help with the school fees.
Prime Minister Jan Dhan Yojana is a reflection of how rich India's poor are at heart. Without any obligation to put any money in the 0 balance accounts, they didn't open an empty account.
