Accion MfB to Host 7th Annual Financial Inclusion Seminar

…Exploring the Impact of Digital Lending on the Informal Sector

As part of its continued commitment to advancing financial inclusion in Nigeria, Accion Microfinance Bank (Accion MfB) is pleased to announce the 7th edition of its annual Financial Inclusion Seminar.

This year’s event will focus on the theme “Digital Lending: A Path to Financial Inclusion or a Barrier for the Informal Sector?”
Over the years, Accion MfB has been at the forefront of driving crucial conversations around the evolving role of microfinance banks in expanding access to financial services.

From the 2017 seminar that outlined a vision for making financial inclusion a reality by 2020 to last year’s focus on digital literacy, products, and services, the Financial Inclusion series has consistently explored critical areas shaping the future of financial access for financially excluded communities.

This year’s theme builds on this legacy by addressing the impact of digital lending platforms on the informal sector.

As a microfinance bank dedicated to bridging financial gaps, Accion MfB will continue to lead discussions on how digital solutions can be used responsibly to empower low-income members of society.

The global push towards financial inclusion has made significant strides in recent years, primarily through the rise of digital platforms and technologies.

One of the most notable developments in this landscape is the emergence of digital lending. Peer-to-peer lending and other forms of digital credit are often hyped as a way to provide financial access to the informal sector, which is typically excluded from traditional banking services.

However, as digital lending platforms proliferate, questions arise about their true impact on financial inclusion. Are they genuinely reaching the most vulnerable populations, or are they creating new barriers due to digital literacy gaps, accessibility issues, and the risk of predatory lending practices?

The 7th Financial Inclusion Seminar will explore whether digital lending can fulfill its promise of inclusion or if it risks exacerbating existing financial disparities.

The event will bring together a diverse audience from across the financial services ecosystem, including policymakers, regulators, microfinance institutions, fintech innovators, development organizations, civil society organizations, impact investors, and representatives from financially excluded communities.

This interactive digital platform will provide a unique opportunity for stakeholders to engage in thought-provoking discussions and develop collaborative solutions to ensure financial inclusion in the digital age.

The 7th Financial Inclusion Seminar will be held virtually on Thursday, December 5th, 2024 from 10AM to 12PM.

This annual event continues to solidify Accion MfB’s position as a key player in the financial inclusion sector, driving transformative conversations and shaping the future of inclusive finance in Nigeria and beyond.

Interested participants can register for the event through this link: https://bit.ly/4hpBX9B. For further information, please contact: marketingstaff@accionmfb.com