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FINANCIAL SERVICES
Improved financial services for poor women and men are essential to achieve poverty reduction and sustainable human development. Access to savings, loans, insurances and other financial services are important in enabling poor women and men to develop their business ventures and increase their income.
Access to financial services is severely limited among SCC’s primary target group, thus constituting a major challenge in order to achieve sustainable results in the different strategic programme areas defined. Improved access to financial services is therefore an essential component for a comprehensive strategy for poverty reduction and sustainable human development.
The main challenges are:
Organisation: Often weak or non-existent organisation among poor women and men lacking financial services. Lacking savings culture, low knowledge about financial matters;
Legal frameworks: Inadequate or non-existent legislation;
HIV and AIDS: High and in most countries growing prevalence of HIV;
Gender inequality: Inequality between men and women resulting in missed opportunities.
Access to financial services gives poor women and men a better position to manage financial affairs thus empowering them in making investment decisions and taking care of other socio-economic needs at individual and family level.
SCC has long an
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