Access to formal financial services up | The Times Group: Access to formal financial services up
Posted By: Taonga Sabolaon: June 19, 2018In: BusinessNo Comments
Households’ access to formal financial services has jumped by 12 percentage points from 17 percent in 2013 to 29 percent in 2018, results of the latest Financial Literacy and Capability Survey have shown.
The survey results come at a time informal financial services such as village banks and chipereganyo appear to be gaining ground in the country.
The Reserve Bank of Malawi (RBM), under the Financial Sector Assistance Project, earlier this year commissioned the survey, which was conducted by A2F Consulting Group.
Posted By: Taonga Sabolaon: June 19, 2018In: BusinessNo Comments
Households’ access to formal financial services has jumped by 12 percentage points from 17 percent in 2013 to 29 percent in 2018, results of the latest Financial Literacy and Capability Survey have shown.
The survey results come at a time informal financial services such as village banks and chipereganyo appear to be gaining ground in the country.
The Reserve Bank of Malawi (RBM), under the Financial Sector Assistance Project, earlier this year commissioned the survey, which was conducted by A2F Consulting Group.
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