October 3, 2021
Could impact investing provide double-digit returns?
More than 1 billion people in Asia still have no access to formal financial services — meaning, no formal employment, no bank account, no meaningful ability to engage in commerce online or offline. By some estimates, only 27% percent of adults have a bank account, and only 33% of firms have a loan or line of credit. The only way for them to get the loan is to turn to alternative lenders, non-banking financial institutions aimed to solve the problem of financial inclusion.