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Related ODS

Some Positive Effects of Expanding Access to Financial Services

SDG1

Eradication of poverty

Financial services related to credit and savings formation can help households better absorb financial shocks, accumulate assets and better manage medical care and invest in education.

SDG2

Zero Hunger and Sustainable Agriculture

SDG3

Health and wellness

SDG5

Gender equality

Ensuring women’s access to financial services, contributes to women’s empowerment, as gives them control over their finances and helps to expand their economic power, which may have an impact on their quality of life.

SDG8

Decent work and economic growth

Expanding access to financial services increases the possibility of mobilizing savings to finance productive ventures, contributing to economic growth and job creation.

SDG9

Industry, Innovation and Structure

Access to credit, especially for small and female entrepreneurs, can encourage the creation of companies and the expansion of existing ones.

SDG10

Reduction of inequalities

By helping to improve the lives of the poorest people, financial inclusion contributes to reducing inequalities and building a more inclusive society.