From Financial Exclusion to Inclusion : Increasing the Availability of Credit to the Urban Poor in Latin America
This is the second of two articles that draw on the results of recent studies of the links between financial services and low income communities in Latin America. While the focus remains on the nature and inherent costs of financial exclusion for the unbanked -- those without basic deposit and transaction accounts, this article focuses on access to credit and on some of the efforts that have been made to increase the availability of credit services to the urban poor. It closes by describing ways in which World Bank projects could support increased private sector lending for community development, including housing, home improvement, and basic physical and social infrastructure as well as micro and small business lending.
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| Language: | English |
| Published: |
World Bank, Washington, DC
2006-11
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| Subjects: | ASYMMETRIC INFORMATION, BANK OFFICERS, BORROWING, COMMERCIAL BANKS, COMMERCIAL CREDIT, CREDIT GUARANTEES, CREDIT UNIONS, DEPOSITS, DISCLOSURE, ENABLING ENVIRONMENT, FINANCIAL INSTITUTIONS, FINANCIAL RISKS, FINANCIAL SERVICES, FINANCING MECHANISM, HOUSES, HOUSING, HOUSING CONSTRUCTION, HOUSING FINANCE, INCOME, INSURANCE, INTEREST RATES, LIQUIDITY, LOAN MATURITY, MICROFINANCE, MONEY LENDERS, MORTGAGE, MORTGAGE LOAN, MUNICIPALITIES, PAYMENT SYSTEMS, PRIVATE BANKS, PUBLIC POLICY, RETURN ON EQUITY, SAVINGS, SAVINGS ACCOUNTS, |
| Online Access: | http://documents.worldbank.org/curated/en/2006/11/7411812/financial-exclusion-inclusion-increasing-availability-credit-urban-poor-latin-america https://hdl.handle.net/10986/10305 |
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| Summary: | This is the second of two articles that
draw on the results of recent studies of the links between
financial services and low income communities in Latin
America. While the focus remains on the nature and inherent
costs of financial exclusion for the unbanked -- those
without basic deposit and transaction accounts, this article
focuses on access to credit and on some of the efforts that
have been made to increase the availability of credit
services to the urban poor. It closes by describing ways in
which World Bank projects could support increased private
sector lending for community development, including housing,
home improvement, and basic physical and social
infrastructure as well as micro and small business lending. |
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