Banking on Change: Breaking the Barriers to Financial inclusion

This report by Banking on Change partners Barclays, CARE International and Plan UK examines the barriers to financial inclusion in developing countries. It also looks at the potential boost to the global economy that large-scale financial inclusion represents, estimating that developing countries could receive a yearly savings boost of up to $145bn if the 2.5 billion adults worldwide who are ‘unbanked’ participate in savings-led microfinance. The report also calls for financial inclusion to be a key part of the post-2015 development agenda.

  • Published: January 2013

Related Publications

COVID-19 could condemn women to decades of poverty: Implications of the COVID-19 pandemic on women’s and girls’ economic justice and rights

COVID-19 has become an unprecedented and unpredictable global crisis. It is “a defining moment in human history”.  COVID-19 has affected everyone, but not equally so. The pandemic is exploiting and exposing deep structural inequalities... Read more...


Are VSLA feminist platforms for gender transformation?

This paper provides findings and recommendations about how Village Savings and Loan Associations (VSLAs) can be a platform to challenge patriarchal structures that discriminate against and normalise violence against women and... Read more...


Women on the Move Annual Report 2019

When women are able to come together in safe spaces, they can use their collective power and voice to bring about change for a more equitable world. Women on the Move (WOM) is a CARE regional strategy launched in 2016 that mobilises savings... Read more...


Curiosity Collective: Evidence of social changes for women in savings groups

CARE has been working with Village Savings and Loan Associations (VSLA) since we first launched the model in Niger in 1991. Over the years, VSLAs have reached more 7.6 million members, 81% of them women. The economic impacts of the VSLA groups... Read more...


Women’s economic empowerment in emergency contexts – Niger: A Case Study

This report, based on research into CARE humanitarian interventions in Niger, analyses whether community-led savings groups and income-generation activities can represent a way not only to respond to crises, but also to increase women’s... Read more...


CARE International Women’s Economic Empowerment Impact Report 2018

Women still have fewer economic rights, less access to economic opportunities and less control over economic resources than men due to a range of social, legal and political inequalities. Women’s economic empowerment (WEE) is one of four... Read more...


Women on the Move Annual Report 2018

Women on the Move is a CARE regional strategy to mobilise savings groups in West Africa, so that women and girls can assert their basic economic and social rights. Evidence has shown that women-led savings groups are a powerful platform for... Read more...


State of practice: Savings groups and the role of government in sub-Saharan Africa

In recent years, governments across sub-Saharan Africa have deepened their engagement with savings groups, recognising the potential of the community-based microfinance model to contribute to national development agendas. This report, based on an... Read more...


Insuring for a changing climate - A review and reflection on CARE’s experience with microinsurance

The impact of climate change is already having devastating effects on lives and livelihoods. Planning and programming to strengthen climate resilience is now commonplace in development interventions. As part of a set of disaster risk financing... Read more...