ASA Philippines Making Financial Inclusion Possible
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Making Financial Inclusion Possible in The Philippines The goal of ASA Philippines is to ensure that every Filipino has access to financial services. To achieve this goal, the organization started by focusing on mobile banking. Our Mobile Banking Service The mobile banking service we launched in 2011 was one of the first of its kind in the Philippines. Our aim was to democratize banking by giving everyone a chance to have access to financial services. Mobile Banking is an essential component of our strategy as it allows Filipinos
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I was recently contacted by a journalist for a news publication regarding a project initiated by the Asian School for the Advancement of Philanthropy (ASA Phils) called Making Financial Inclusion Possible (MFIP). website link MFIP aims to make financial services, which includes insurance, savings, and investment products accessible to underserved and vulnerable families, especially the poor, rural, and urban poor. MFIP has set a specific goal of making the provision of financial services in the Philippines available to 500,0
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ASA Philippines makes Financial Inclusion Possible I’m not sure why this is such a widely-understood fact, but somehow the idea of financial inclusion always seems to be in focus. It’s a buzzword and a topic that’s been part of my writing for over a decade. I love its resonance, its relevance and its ability to unify us in our quest to help others. It is, of course, not a new idea; but it is one that’s been growing in its importance, in its capacity to lift up our
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Financial inclusion is all about making financial services accessible to everyone in the society. In the past decade, there have been many initiatives aimed at making access to financial services available to more people in more countries. However, financial inclusion, in practice, has been more difficult to achieve. Read More Here Even after more than a decade of initiatives, many challenges to achieving financial inclusion persist. The problem of un-banked and underbanked people, the challenge of reaching them, the problem of lack of infrastructure, the problem of low-interest rates
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– A good case study needs to have a good thesis statement (what is the purpose of the study?). – ASA Philippines has been providing low-income communities in Metro Manila with access to cash, phone, and text-messaging bank accounts for over 30 years. – However, this access is currently limited by several issues, including language barriers, physical barriers, and security concerns. – I was privileged to be a participant in this project. I was able to meet with several people in the community who were using this service
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ASA Philippines, the global network of microfinance organizations is a member-driven development organization dedicated to promoting financial inclusion for the poor and vulnerable populations in Asia and the Pacific. Their mission statement is: ASA Philippines aims to ensure that every citizen of the Philippines has access to financial services that empower them to achieve their goals for themselves and their families, by 2020 and beyond. Through their innovative model, ASA Philippines is able to work in partnership with microfinance organizations and other partners to provide innovative financing solutions that