How do we stop financial inclusion from becoming financial slavery?

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Our member Charles Dewa from Zimbabwe has written a very interesting post on his blog. As he stated: "One of the spotlights is now on trying to formalize rural savings clubs which have been part of African economies for decades. Financial inclusion has become one of the buzzwords in many African countries including Zimbabwe.  It is as if financial institutions, development agents and policy makers have suddenly discovered the need to bring marginal communities into formal financial systems.  However, financial inclusion that does not fully take into account socio-economic circumstances of those to be financially included will miss the mark. In most cases, financial inclusion is being confused with opening bank accounts and mobile money where people are expected to put their money into mobile wallets." Read the full article here.