
Financial Services for the Poor
Financial Services for the Poor involve providing affordable and accessible banking, savings, credit, insurance, and payment options to low-income individuals who traditionally lack access to formal financial systems. These services help empower the poor to manage risks, save money, invest in opportunities, and improve their economic stability. The goal is to promote financial inclusion, reduce poverty, and support sustainable development by offering tailored financial solutions suited to their needs and circumstances, often through innovative models like microfinance, mobile banking, and community-based programs.