M2i Consulting

In today’s digital age, financial inclusion has become a vital component of economic development, particularly in emerging economies. Millions of people in rural and underserved areas still lack access to formal financial services, hindering their ability to save, invest, and grow their businesses. M2i Consulting, with its expertise in the microfinance and financial sector, plays a key role in promoting financial inclusion through business correspondents. What is Financial Inclusion? Financial inclusion refers to the process of ensuring that individuals and businesses, particularly those in underserved or marginalized sectors, have access to affordable and essential financial services such as banking, credit, insurance, and pensions. By enabling people to participate in the formal financial system, financial inclusion helps improve their financial health and overall well-being. Role of Business Correspondents (BCs) in Financial Inclusion Business correspondents (BCs) are agents or inte...

In the world of microfinance, ensuring ethical practices is key to building trust and safeguarding the interests of vulnerable borrowers. M2i, a leading consultancy in the microfinance sector, emphasizes the importance of Client Protection Principles to ensure that financial services are delivered responsibly and with integrity. These principles not only protect the clients but also strengthen the long-term sustainability of microfinance institutions. What are Client Protection Principles? Client Protection Principles (CPPs) are globally recognized guidelines that help financial service providers prioritize the needs and rights of their clients, especially low-income populations. These principles ensure that microfinance institutions (MFIs) operate ethically, transparently, and with accountability, reducing the risk of financial exploitation or over-indebtedness among clients. The Smart Campaign, a global initiative focused on integrating client protection into the microfinance sector,...