Africa's poor: Gaining access to finances


LONDON — Vast distances, high costs and unstable incomes. Those are just some of the challenges faced by millions of Africa’s poorest trying to access financial services in rural communities in Sub-Saharan Africa.

Until recently, commercial banks across the continent hadn’t bothered to reach out to impoverished Africans in rural areas because they saw little profit potential. Instead, they focused on wealthier clients with larger transactions, which had a better chance of surpassing the cost of the bank infrastructure and staff.

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