Gateway to Africa Inclusive Growth decidedly isn’t another title to add to the overwhelming narrative on the subject, which the Author has reviewed. Then, Dr Graziosi complemented the desk research with an extensive field experience in the Continent along with the profound expertise in development finance issues, in particular Credit Guarantee Fund/ Trust Fund/ Grant Facility/ Revolving Fund, which designed, managed and evaluated in fourteen Countries. He conceived JAMBO FUND in the picture of the Community-based economy as a new approach replacing Credit-based economy. JAMBO isn’t a fund as usual; it is a Risk Fund with a vision taken from the Objectives 1 and 8 of SDGs 2030 Agenda, which has been the reference in point to promote growth via business approach and in so doing face poverty with jobs creation. Although the FUND’s horizon is the Continent, it doesn’t mean to cover 54 Countries, although opportunities could be available everywhere. Moreover, the Model is viable for a specific request at both regional and country level world-wide.

FINANCIAL INCLUSION, Give people a job not a loan,

Dr. A. Graziosi has carried out an unusual analysis on the current financial inclusion approach and achieved innovative conclusions, combining both deskwork and lessons learned while managing and evaluating development projects over the past three decades.

The Author has developed his ideas drawing on the recommendations emerging from G-20, 2015-Post Evaluation Analysis, Rio+20 meetings and the recent launch of Sustainable Development Goals. Within this background information he has worked out a proposal within the picture of a comprehensive, genuine and structured framework, having as a reference the Consultative Document on microfinance activities released within Basel III in 2010 and then updated in 2015, all of which has inspired his work.

According to the Author, to understand the current approach to financial inclusion a preliminary step is to look into the microfinance trend, which is the main vehicle to expand financial products in favour of poor people.

He claims that, over the years, microfinance activities have disclosed situations that have been in contradiction with the fundamentals of fair contractual terms, along with inappropriate assumptions and inconsistency of the methodological approach.

Starting from this point, the Author has elaborated on Basel III document to restore a correct decision making process and, in so doing, reinstate the truthful significance of credit, which means confidence. He said that sustainable microfinance is the best way to create durable jobs and eradicate poverty.

On financial inclusion he has a pioneering position and has raised a word of caution on what he has called the easy way to digitalization of micro financial services; what is more, he claims that financial inclusion without economic inclusion could be a disillusion for the lender, an illusion for the client and a likely implosion for the community.

In this context, Dr. Graziosi provides an attractive approach, which is well synthesized in the book sub-title “Give people a job not a loan”. With this declaration the Author has almost phased out the financial way to development and replaced it with the EMPLOYMENT-BASED WAY TO DEVELOPMENT, thus re-designing the entire architecture of the approach in favour of poor people.

In addition, he has completed his viewpoint by investigating the contractual conditions of experts, consultants and practitioners working overseas with donor-funded programmes. On this matter, he has concluded that Practitioners/ Experts/Developers employment status has implications for the quality of the outcome.

Abstract: The digitalization of the financial services has disclosed risks and opportunities, the former represented by a war between the two providers, which may drive to unsustainable offers and likely financial implosions and the latter the achievement of a real financial inclusion for those we haven’t yet been included in the financial circuits. Summing up, digital providers may benefit a lot cooperating with financial providers, when it comes to design a model, which asks for expertise and experience on financial services above the ground.

Concrete Proposal : we don’t say that money transfers and remittances should be free of charge; we do say that the service should be sustainable for the provider, accessible for the potential client and affordable for the user. Technologists and Financiers should find out the way to not overcharge the transfer of small amount of money presumably made by people working away from their own places and sending money to those who are in need. If we don’t find out modalities to minimize the commission, we will penalize the poor and mislead the purpose of financial inclusion. This is a technical matter that may be overcome elaborating on the statistical data; it may be assumed, for example, a cheap commission for small amount or linking it to the frequency of the transactions in a given period. Also, it could be studied that the  GVTs  of poor countries may take the charge of the commission or part of it.


Colloque sur l’inclusion financière

Financial inclusion is a marketing matter
Marketing means a strategy, which should be part of a corporate strategy

Legends and Myths
Financial inclusion will be analysed with facts and figures without folklore.

Desires, Opportunities, Risks and Field Reality
Good intentions are one thing; implementation is another.

Re-thinking the approach to financial inclusion
There could be the risks to repeat the past mistakes because there are evidences that microfinance brand has been re-named and now is called financial inclusion.

Financial & Economic Inclusion
The real matter to discuss is the absence of a paradigm, the promotors simple neglected to provide the Practitioners with a model. USSION_YOU_CREATED

Financial inclusion today
Tactic without a strategy card

Which financial inclusion?

Microfinance Practitioner Profile

Financial inclusion – Kenya Case

Financial inclusion
Matching up tradition, innovation and organization

A propos de l’inclusion financière

Suggestions for designing new credit models, Microfinance Gateway, 06/2011 (Rated among the first five most read documents of the year)