{"id":42639,"date":"2015-08-10T17:15:42","date_gmt":"2015-08-10T21:15:42","guid":{"rendered":"https:\/\/staging21.finca.org\/uncategorized-en-ca\/village-banking-2020"},"modified":"2023-12-12T05:45:20","modified_gmt":"2023-12-12T10:45:20","slug":"village-banking-2020","status":"publish","type":"post","link":"https:\/\/finca.org\/en-ca\/village-banking-2020","title":{"rendered":"Village Banking 2020"},"content":{"rendered":"<p>You swipe your card at the check-out and probably think nothing of it. Because you\u2019re in the banking system, you can manage everyday transactions with ease, pay bills online if you like, move money between accounts, and withdraw cash at an ATM.<\/p>\n<blockquote><p>But two billion people \u2014 38% of adults in the world \u2014 don\u2019t have access to the basic financial services we take for granted.<\/p><\/blockquote>\n<p>They have to barter for necessities or use cash for everything. With no access to a bank, there\u2019s nowhere secure to keep whatever savings they have. That\u2019s why FINCA is banding together with a broad coalition of partners who also provide banking services to the very poor.<\/p>\n<blockquote><p>Together we are making a bold commitment to achieve <a href=\"https:\/\/finca.org\/blogs\/financial-accesses-2020\">universal financial access by the year 2020<\/a>.<\/p><\/blockquote>\n<p>Our <strong class=\"orange\">Village Banking 2020 Campaign<\/strong> to reach two billion people in five and a half years might sound audacious, but it is absolutely achievable. Because in the last three years alone, thanks to <a href=\"https:\/\/finca.org\/blogs\/boosting-financial-inclusion-innovative-channels\">new technologies and transformative business models<\/a>, more than 700 million people have gained financial access through FINCA and our coalition partners. To reach the remaining people who don\u2019t yet have access to banking services we must keep growing, keep innovating, keep making progress.<\/p>\n<figure id=\"attachment_11336\" aria-describedby=\"caption-attachment-11336\" style=\"width: 392px\" class=\"wp-caption alignleft\"><img decoding=\"async\" data-src=\"https:\/\/finca.org\/wp-content\/uploads\/IMG_1141.jpg\" class=\"size-thumbnail wp-image-11336 lazyload img-fluid\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" alt=\"Evelyn Karata, FINCA client in Tanzania\" width=\"392\" height=\"218\" \/><figcaption id=\"caption-attachment-11336\" class=\"wp-caption-text\"><noscript><img decoding=\"async\" class=\"size-thumbnail wp-image-11336 img-fluid\" src=\"https:\/\/finca.org\/wp-content\/uploads\/IMG_1141.jpg\" alt=\"Evelyn Karata, FINCA client in Tanzania\" width=\"392\" height=\"218\"><\/noscript> Evelyn Karata, FINCA client in Tanzania<\/figcaption><\/figure>\n<p>Think about what it will mean for women like Evelyn, a mother in <a href=\"https:\/\/finca.org\/locations\/africa\/tanzania\">Tanzania <\/a>whose life became a struggle for survival when her husband died. Desperate for a way to provide for her family, Evelyn began making\u00a0and selling doughnuts in her small village, but she only made about a dollar in profits at the end of the day. She could only afford beans and a porridge made from corn flour, and for five years that\u2019s all the family ate.<\/p>\n<p>Evelyn could no longer pay the required school fees, so her children had to drop out. She\u00a0found a job crushing stones into gravel\u00a0for construction, so she left the children in charge of doughnut sales and started putting in 12-hour days doing back-breaking work. But even with her construction job pay and doughnut sales profits, it still wasn\u2019t enough for the family to stop living hand-to-mouth.<\/p>\n<p>With a $50 loan from FINCA, Evelyn quit construction and put all of her energy into expanding the family\u2019s doughnut business. She followed the advice her FINCA loan officer gave her about business planning to grow her little enterprise. She added more pastries to her offerings, along with tea, milk, soda, and cold water. Soon her menu included full breakfasts and lunches, and she started catering for the construction workers. Her business boomed, and, finally, her hard work was paying off.<\/p>\n<blockquote><p>Evelyn\u2019s income tripled because she had access to credit.<\/p><\/blockquote>\n<p>Finally, she was able to feed her family regular and nutritious meals. Today her children are thriving, and it eases her mind knowing she can take them to a doctor if they get sick or hurt. And she\u2019s most gratified to have all of them back in school. For Evelyn, whose own education ended in the fourth grade, seeing her children successfully make their way in the world is a once-impossible dream come true.\u00a0And all of this because Evelyn was not left out and was given access to financial services!<\/p>\n<p>It\u2019s such a basic thing, yet more than one in three adults globally\u00a0are as yet excluded from the banking system. <strong class=\"orange\">Village Banking 2020<\/strong>\u00a0recognizes that financial access is a basic building block for a healthy\u00a0and productive life.\u00a0It is the vital link for the poorest of the poor leading to progress in\u00a0securing clean water and sanitation, electricity, better housing, education,\u00a0and health care. It enables entrepreneurs to reduce business risks, expand their operations, and\u00a0employ others, lifting the local economy.<\/p>\n<blockquote><p><a href=\"https:\/\/www.kintera.org\/site\/c.flKWIdOUIhJ6H\/b.9148153\/k.AFCC\/Donate_and_Make_a_Difference\/apps\/ka\/sd\/donor.asp?\">Support Village Banking 2020<\/a> and spread the word about Universal Financial Access by 2020!<\/p><\/blockquote>\n<p style=\"text-align: center;\"><a style=\"font-size: 1.17em; line-height: 1.5em;\" title=\"Share on Facebook\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=http:\/\/bit.ly\/1L04zRF\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"lazyload img-fluid\" data-src=\"https:\/\/finca.org\/wp-content\/uploads\/facebook.png\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" alt=\"facebook\" width=\"58\" height=\"58\" \/><noscript><img decoding=\"async\" src=\"https:\/\/finca.org\/wp-content\/uploads\/facebook.png\" alt=\"facebook\" width=\"58\" height=\"58\"><\/noscript>Share<\/a><span style=\"font-size: 1.17em; line-height: 1.5em;\">\u00a0 \u00a0 \u00a0\u00a0<\/span><a style=\"font-size: 1.17em; line-height: 1.5em;\" title=\"Tweet about FINCA\" href=\"https:\/\/twitter.com\/home?status=2bn%20people%20don%E2%80%99t%20have%20access%20to%20%23FinancialServices.%20%40FINCA%20shares%20why%20%23FinancialInclusion%20matters:%20http:\/\/bit.ly\/1L04zRF%20%23FinAccess2020\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"lazyload img-fluid\" data-src=\"https:\/\/finca.org\/wp-content\/uploads\/twitter.png\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" alt=\"twitter\" width=\"58\" height=\"58\" \/><noscript><img decoding=\"async\" src=\"https:\/\/finca.org\/wp-content\/uploads\/twitter.png\" alt=\"twitter\" width=\"58\" height=\"58\"><\/noscript>Tweet<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Having a bank account and access to financial services is having power\u2014the power to determine your own fate and create a life you value. It gives low-income, hardworking people the ability to change their lives on their own terms, by their own initiative and hard work.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>2.5bn people don\u2019t have access to Financial Services. FINCA proves why Financial Inclusion matters and why Universal financial access by 2020 is a must!<\/p>\n","protected":false},"author":392,"featured_media":11356,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[151],"tags":[95,156],"class_list":["post-42639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-en-ca","tag-financial-inclusion-en-ca","tag-success-story"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Village Banking 2020<\/title>\n<meta name=\"description\" content=\"Two billion people don\u2019t have access to Financial Services. 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