In your knowledge, how the financial inclusion can increase the value of well-being among the
nations / people ?
When the financial inclusion is being strengthen in the nations, it provides opportunity for people in
the nation, especially low-income people to have access to financial products and services. For
instances, if the people from low income group have the access to saving account, this will indirectly
help them to promote saving habits and investment, which allow them to reduce poverty. If people
with low-income high risk have the access to sustainable micro insurance, I will increase the health
and wellbeing as it might provide financial support when problems hit and increasing financial
resilience and security. If lower-income groups have access to credit, their access to financial
services is improved, which in turn enables them to undertake productive activities and smooth their
consumption in the face of short-term adverse shocks. When small and medium enterprise have the
ability to access to financial products and services such as low transaction microloan and
crowdfunding, it actually helps to improve unemployment rate in the country. Strengthen of
financial inclusion helps to reduce income inequality if people have equal opportunity to access
financial products and services.