Determinants of Financial Capability: A Situational Analysis for Namibia

It is imperative that if the poor in society benefit from massive developments financial sector, then such a sector must be genuinely inclusive. should meet needs of all citizens with potential to use services productively. This paper scopes inclusivity as process ensuring ease access, availability, and usage by members society. To reduce socio-economic inequality, developing countries, like everyone else, need access wide range are convenient, flexible, reasonably priced. Therefore, sought significant towards global development agenda tool for increasing poor’s services, often cited mechanism can help poverty lower income inequality. For many years, microfinance has been heralded enhancing inclusion. provides an avenue through which marginalized formal system. Moreover, substantially evident rural areas among poor, who have no collateral or credit history participating legal As result, inclusion receiving increased attention essential reducing aspects inequality characterized isolation individuals communities affordable accessible credit.