The Poor do not live in a static state of poverty. Every year, millions of people transition out of poverty by successfully adopting new farming technologies, investing in new business opportunities, or finding new jobs. At the same time, large numbers of people fall back into poverty due to health problems, financial setbacks, and other shocks. If available at critical
moments, effective tools for savings, payment, credit, and insurance can help households capture an opportunity to climb out of poverty or weather a crisis or emergency without falling deeper and/or back into poverty.
we are at the hands of grace
the Strategy
Noah Foundation’s Community Development FINANCIAL INCLUSION strategy aims to fund organizations that play a catalytic role in broadening the reach of digital payment systems and financial literacy education programs particularly in poor and rural areas, and expand the range of services available on these platforms. Until the infrastructure and customer base are well established, this will involve a combination of mobile banking services that are accessible via cell phones and brick-and-mortar stores where subscribers can convert cash they earn into digital money.