4th Africa CEO Roundtable on Corporate Sustainability & Responsibility Opening Remarks on The Intersection: Financial Inclusion, Economic Sustainability & Social Benefit

Brian KuwikSenior Vice President, Africa

19 June 2014

Calabar, Nigeria

Our Approach

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Double Bottom Line: We pursue altruistic goals through commercial means

Sustainable Institutions: We build commercially viable institutions that provide high quality services to the unbanked

Impact Investing: Our investing initiatives reflect our commitment to cultivating a financial ecosystem that will enhance the efficiency, reach and scope of financial services for millions of people living in poverty around the world

Our MissionTo give people the financial tools they need to improve their lives.

Our VisionTo build a financially inclusive world with access to economic opportunity for all.

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Our Global Reach

Over the years Accion has helped build 63 microfinance institutions in 32 countries on four continents and invested in more than 20 innovative start-up companies that serve the base of the economic pyramid.

Those institutions are currently reaching millions of clients.

Our Vision for Financial Inclusion

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The Invisible Market

• Globally, 2.5 billion people (50% of the world’s adults) remain without access to a formal savings account

• In Africa, 361 million people (76% of adults) lack such access

• Africa leads in savings behavior and mobile phone payments

• Very low levels of access to credit and insurance in Africa

• 50 million African MSMEs contribute 58% of employment and 33% of GDP

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Our Goal: Full Financial Inclusion by 2020

• Incomes are rising at the base of the economic pyramid, especially in middle income countries

• Technology is reducing delivery costs and expanding reach

• Opportunities are attracting providers to innovation and new entry

• Policymakers are prioritizing financial inclusion

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Why Does Financial Inclusion Matter?

People can fulfill their economic potential by:

- managing day-to-day lives more productively,

- shielding selves against risks, and

- supporting selves in achieving major life goals (education, home and business growth).

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Client Story of “Business Graduation”

 http://vimeo.com/97834344

Thank You!

For more information, visitwww.accion.org