What We Do
The primary role of the LSESU Financial Inclusion Society is to holistically analyse the various drivers of financial inclusion which include microfinance, microinsurance, financial technology, and micro-entrepreneurship initiatives. To do this, we are collaborating with leading financial inclusion institutions and NGOs across the world, including J-PAL, Rangde, DEKI, Manav Sadhna, LendWithCare, and Avanti Finance. Over the past years, we have conducted over 20 pro-bono consulting projects with such institutions.
This year, the society has restructured and redesigned its past consulting, research, and outreach initiatives by launching four core divisions.
Today, when over 1.7 billion people across the world do not have access to efficient credit lines, creating a financially inclusive world is a vital prerequisite towards achieving socio-economic empowerment and economic growth. According to the World Bank Group, financial inclusion has been identified as an enabler for 7 of the 17 Sustainable Development Goals.
The LSESU Financial Inclusion Society (FIS), earlier known as the Microfinance Society, was founded in 2015 and aims to empower the financially marginalised through financial inclusion. Financial inclusion refers to the process by which individuals and businesses can access sustainable, affordable, and timely financial services like credit, banking and insurance products. It is also a vital driver for responsible investing and impact consulting.
"Microfinance stands as one of the most promising and cost-effective tools in the fight against global poverty."
Jonathan Morduch, Chair, UN Expert Group on Poverty Statistics
The Pillars of Our Divisions