Financial Literacy & Inclusion
Approximately three billion people worldwide seek access to basic financial services. As a global financial services business, we acknowledge the important role they have to play in bridging this gap.
Barclays partnered with CARE and Plan International to launch the "Banking on Change" Programme.
This is a unique and pioneering community-based savings and loan model with the goal of reducing poverty, and enhancing income opportunities for households in seven rural and peri-urban districts.An estimated 800 groups have already embraced the initiative in which individuals apply proven savings and investment practices. The participating groups have managed to build an asset base of Kshs 7.6 million with 99 % of members already accessing loans to boost their businesses and support their families. Interest revenue generated from loans in circulation is ploughed directly back into the groups’ fund to facilitate their growth and make an even greater economic impact.