This document discusses financial inclusion, which refers to effective access to a wide range of affordable financial services for all individuals. These services include savings, credit, insurance, and payments. The importance of financial inclusion is that it improves lives, supports business growth, and contributes to economic stability. However, obstacles like hard-to-reach populations and lack of financial literacy impede greater inclusion. Cooperatives can help promote inclusion through various programs like microfinance, insurance, financial literacy training, and serving as payment centers. Being an active cooperative member is key to achieving financial inclusion.

1. FINANCIAL INCLUSION
(Pagsama o pakikisali sa pampananalapi)
Presented by: ALEXANDER B. RAQUEPO
Chairperson, Sta. Cruz Savings and Development Cooperative (SACDECO)

2. Financial Inclusion
• - Financial
inclusion is a state
wherein there is
effective access to
a wide range of
financial services
FOR ALL.

3. What is effective access?
• - ready, available, accessible
and affordable;
• - fits the needs of the poor and
the unbanked;
• - short term and easy
repayment terms;
• - processes and procedures are
easy to understand/do; and
• - delivers positive results and is
sustainable.

4. What are these Financial Services?
Savings
Microdeposit
Special purpose
-Youth
-Education
-Retirement
-Overseas Filipinos

5. • Credit
Microenterprise
Micro-agri
Housing Microfinance
Personal/consumer

6. • Insurance
Micro-insurance
Life
Health
Property
Agriculture

7. • Payments
- Remittances
- Government
payments
- Conditional cash
transfers (CCT) and
other government
payouts - ATM/debit
card Electronic
payments
ALEXANDER B. RAQUEPO
09999999999-786

8. What are the Importance of
Financial Inclusion?
1. Access to basic
financial services
suchas savings,
payments and
credit make a
positive difference in
people’s lives.
• 2. It improves the
well-being of
the poor and
the
growth of
micro, small
and medium
enterprises.

9. 3. It contributes to
financial stability
and economic
growth.
FI…Importance
• 4. It reduces
income inequality
and poverty.

10. Vital Information….
Around 2 billion people don’t use formal
financial services and more than 50% of
adults in the poorest households are
unbanked. Financial inclusion is a key
enabler to reducing poverty and boosting
prosperity.
-World Bank

11. What are the obstacles that impede the
growth of Financial Inclusion
• 1. Hard-to-reach
populations,
including women
and the rural
poor.

12. Obstacles…
• 2. Poor financial
literacy and
capability levels
resulting to lack of
understanding of
the different
financial services
and products.

13. Obstacles….
• 3. Lack or
unavailable valid
identification
documents, and
difficult means
for them to be
authenticated.

14. Obstacles…
• 5. Inadequate
financial consumer
protection
frameworks, and
relevant regulatory
and supervisory
authorities, including
utilizing technology
to improve
supervision.

15. Obstacles…..
• 4. Some financial
products are not
tailored to
consumer needs,
especially the
unbanked and the
poor.

16. How is Financial Inclusion
Measured?
• ACCESS: Supply and availability of
financial products and services
• QUALITY: Consumer experience;
relevance of a product or service
• USAGE: Utilization of different products
and services
• WELFARE: Impact of a product or service
on the lives of the consumers

17. What can Cooperatives do for
Financial Inclusion?
• 1. Financing and Credit
Assistance
• 2. Partnership and Loan
Syndication
• 3. Contract Growing or
Farming
• 4. Loan Guarantees
• 5. Micro Insurance
• 6. Marketing
• 7. Product Value Adding
and Processing
• 8. Payment Centers
• 9. Micro-Savings
Products
• 10. Financial Literacy
Trainings
• 11. Livelihood Trainings
• 12. Cooperative Banking

18. Conclusion
• Financial Inclusion IS NOT ONLY ABOUT
CREDIT and LOANS (di lang tungkol sa
UTANG, paano makakautang, saan
makakautang, magkano pwedeng mautang,
atbp), it is about being Financially Literate
and being certain about one’s economic
future.
• Be counted as a “Financial Inclusive”
participant and contributor.

19. • Be an active COOP MEMBER
and you will be financially
inclusive.
• Mabuhay ang
Kooperatiba, Mabuhay
tayong lahat.