16 March 2022
FDPs seeking to use formal financial services still often face barriers. FDPs may find that their status, even if recognized, is not sufficient for them to open a financial account or register a SIM to use mobile services. This financial exclusion consequently inhibits the FDP’s ability to access more complex formal financial services such as credit, loans and insurance.
This survey report provides data collected from 33 AFI member institutions on their policy frameworks, laws and regulations related to the financial inclusion of FDPs.