Training Course on the Role of Table Banking as a Financial Inclusion Strategy

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Financial inclusion is a term that has multidimensional meanings. Financial inclusion or inclusive financing encompasses initiatives from both the supply and demand side within the financial sector. It includes the provision of appropriate and quality financing services that is both affordable, accessible and of quality to low income and vulnerable households. The principals of financial inclusion include access, consumer financial education, innovation, usage, quality, diversity and simplicity. Table banking on the other hand is a group funding strategy where members of a particular group meet once every month, place their savings, loan repayments and other contributions on the table then borrow immediately either as long term or short-term loans to one or a number of interested members.