Sustaining the progress made towards financial inclusion thus far
Identifying and supporting organisations that can sustain progress towards financial inclusion.
In our engagement in the development of government policy, it is clear that government policies, funding and wider practices can be both a driver for positive change as well as a barrier to greater inclusion. A mixed economy of provision is key to full financial inclusion.
There is a range of third sector providers of financial services that are used by low-income people. Trustees wish to look hard at these institutions to ascertain if they have the potential capacity to provide a consistent and integrated services to financially-excluded people. If they do offer a real alternative, it will be important to ascertain their capital and revenue requirements and what policy or regulatory framework they might need to ensure they grow in a sustainable and sensible way to deliver better services.
Trustees would be particularly interested in considering giving support in the form of loans, equity, underwriting, etc., as well as grant aid.
However, please note that the Foundation will not be considering unsolicited applications under this strand of our work.
