About Financial Inclusion : Financial inclusion or the business of providing financial services (savings, investment, credit and insurance) to those that have not been served by the formal financial system is a space that is ripe with opportunities for such entrepreneurship. Taking advantage of these opportunities requires both acumen and passion as is true of most entrepreneurship opportunities, but the upside of having tremendous social impact is a key differentiator for this sector.
Inclusive growth as a business: Demand statistics tell us that we have but scratched the surface when it comes to meeting the financial services needs of millions of households. There are large swathes of the country where there is no formal financial services access. Some models are showing the promise of scale, but it is clear that there is a need for far more innovation — in operating models and in products.
Tips to get started: Who makes for a good inclusive finance entrepreneur? We have found a diversity of profiles that work here. Prior knowledge of banking and finance is rarely an important criterion, but an eye for execution and detail is crucial.
Some entrepreneurs have come up from the armed forces and the banking sector. These are individuals who revel in the execution challenge: of going to white spaces, understanding the local environment and dynamics and shaping an operating model that makes sense given the unique demand of the local economy.
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