Item | 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. |