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Open Access Journal Article

Financial Inclusion and Poverty Alleviation

by David Jackson 1,*
1
David Jackson
*
Author to whom correspondence should be addressed.
EFRL  2021 3(2):22; https://doi.org/10.69610/j.efrl.20210921
Received: 22 July 2021 / Accepted: 12 August 2021 / Published Online: 21 September 2021
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Abstract

This paper examines the relationship between financial inclusion and poverty alleviation, focusing on the role of access to financial services in improving the economic well-being of individuals and communities living in poverty. Financial inclusion is defined as the availability and use of financial services for all individuals, regardless of their income levels or socio-economic status. The study highlights the significant impact that access to financial services such as savings accounts, loans, and insurance can have on reducing poverty by promoting financial stability, enabling entrepreneurs to start and grow their businesses, and empowering individuals to invest in their education and health. The analysis utilizes a combination of quantitative and qualitative data to explore the effectiveness of various financial inclusion initiatives implemented across different countries. The findings indicate that while there has been considerable progress in expanding financial access, there are still significant barriers that need to be addressed to ensure that financial inclusion becomes a more powerful tool in the fight against poverty.

Keywords: Financial Inclusion; Poverty Alleviation; Access to Financial Services; Economic Well-being; Entrepreneurship.;
Copyright: © 2021 by Jackson. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
Cite This Paper
APA Style
Jackson, D. (2021). Financial Inclusion and Poverty Alleviation. Economics and Finance Research Letters, 3(2), 22. doi:10.69610/j.efrl.20210921
ACS Style
Jackson, D. Financial Inclusion and Poverty Alleviation. Economics and Finance Research Letters, 2021, 3, 22. doi:10.69610/j.efrl.20210921
AMA Style
Jackson D. Financial Inclusion and Poverty Alleviation. Economics and Finance Research Letters; 2021, 3(2):22. doi:10.69610/j.efrl.20210921
Chicago/Turabian Style
Jackson, David 2021. "Financial Inclusion and Poverty Alleviation" Economics and Finance Research Letters 3, no.2:22. doi:10.69610/j.efrl.20210921

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ACS Style
Jackson, D. Financial Inclusion and Poverty Alleviation. Economics and Finance Research Letters, 2021, 3, 22. doi:10.69610/j.efrl.20210921
AMA Style
Jackson D. Financial Inclusion and Poverty Alleviation. Economics and Finance Research Letters; 2021, 3(2):22. doi:10.69610/j.efrl.20210921
Chicago/Turabian Style
Jackson, David 2021. "Financial Inclusion and Poverty Alleviation" Economics and Finance Research Letters 3, no.2:22. doi:10.69610/j.efrl.20210921
APA style
Jackson, D. (2021). Financial Inclusion and Poverty Alleviation. Economics and Finance Research Letters, 3(2), 22. doi:10.69610/j.efrl.20210921

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