Increasing Opportunities and Financial Security
Financial services like savings accounts, insurance, and loans help people manage life's risks, take advantage of opportunities, and increase their financial security. However, only one in 10 people living on less than $2 a day has access to formal financial services. Instead, most of the world's poor must resort to risky, expensive, and inefficient informal methods—like storing money in mattresses or borrowing from moneylenders.
We envision a future in which billions of poor people in the developing world are able to gain access to safe places to save and other financial services. We're working with a wide range of public and private partners to harness technology and innovative business models in order to lower the costs, increase the value, and expand the availability of safe, affordable financial services.