Global Findex: Digitalization in COVID-19 Boosted Financial Inclusion

The Building Pathways conference brought together key stakeholders to address a critical challenge in financial inclusion and poverty reduction: bringing capital and other financial services like insurance to financially excluded populations through village-level savings and loans groups (Savings Groups, SGs). These groups, in which women mobilize their own resources, have provided a vital source of investment and cash flow to people excluded from the formal financial system, especially rural women in Africa.