The global push for financial inclusion could end up with unintended consequences.
In the global South, where some argue that "everyone is now middle class", people are reluctant to acknowledge that they need to borrow money – and the stigma drives them to dodge their debts.
Financial inclusion has so far focused on enhancing a poor person’s cash flow. But it needs to involve more. Not enough consideration is given to encouraging poor people to build assets.
If women in developing countries are to enjoy the benefits of access to banking, it's time for a rethink on how they are assessed for risk.