Financial Inclusion Key To Economic Growth, Says Fintech Expert

CHIEF Executive Officer and Co-Founder of Social Lender, Faith Adesemowo, has advocated financial inclusion saying, it is a veritable tool for economic growth not just in Africa, but  in all parts of the world.

Faith made this call while speaking at the Prime Business Africa’s 3rd Socio-Economic and Entrepreneurship Development Series (SEEDS), which held on Tuesday, 28th Sept, 2021, on the theme, “Tech Disruptions and the Future of African Economies.”

While dwelling on topic, “Financial Inclusion and How it Impacts the World,” Faith stated that financial inclusion would lead to economic growth and enhance financial stability.

She explained that in the course of her work at Social Lender, she has realized that there is need for not just financial inclusion but financial literacy as well, because according to her, most people do not have the information needed to make the right decisions when it comes to access to  finance for economic opportunities.

Social Lender is a digital Financial Services firm, created to provide African farmers, students and small business owners with access to financial services.

She stressed the need for integrating financial literacy actitivites in the financial inclusion process so as to create awareness among people especially in developing communities to take advantage of good financial service opportuinities for inclusive economic growth.

She therefore appealed to media organizations to help provide proper information that can guide individuals  in making choices and decisions that can help improve their economic situations.