Improving Financial Inclusion: Towards a Critical Financial Education Framework

Birochi, Renê; Pozzebon, Marlei

doi:10.1590/s0034-759020160302

Cited by 32 publications

(31 citation statements)

References 27 publications

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“…Financial literacy is the foundation of financial inclusion (Atkinson & Messy, 2013;Birochi & Pozzebon, 2016). The previous study also found that higher financial literacy leads to greater financial well-being and less financial concerns (Taft, Hosein, & Mehrizi, 2013).…”

Section: Financial Literacymentioning

confidence: 88%

“…According to the same report, Indonesia has the largest gap in active financial account holdings in which active account usage by those who live below the poverty line reached just 12% in 2015. Theoretically and empirically, financial literacy has become the stepping stone to financial inclusion (Atkinson & Messy, 2013;Birochi & Pozzebon, 2016). Therefore, the Indonesian government is currently contemplating important improvements in financial literacy in Indonesia and has made financial education and financial literacy a national campaign as the first pillar of the National Financial Master Plan in 2015-2019(Indonesian Financial Services, 2015.…”

Section: Introductionmentioning

confidence: 99%

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Exploring the Motivation Toward and Perceived Usefulness of a Financial Education: Program Offered to Low-income Women in Indonesia

Hati¹

2017

ajce

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A previous study demonstrated that low-income women tend to have lower financial literacy. This low level of financial literacy affects the manner in which they manage their daily finances, as well as their ability to save for long-term needs. Currently, the statistics show that financial literacy in Indonesia is relatively low. To support Indonesian government in improving financial literacy, especially among the most marginalized group -women of low income -Universitas Indonesia launched a community engagement initiative conducted in the form of financial literacy training targeted at low-income women working as street sweepers around the university. This study investigates the motivation toward and perceived usefulness of the financial education program to improve the financial literacy of low-income women working as street sweepers around Universitas Indonesia. A mixed research method is applied in the study. The data were collected from in-depth interviews and a mini survey conducted to 23 low-income female street sweepers who joined the 10 weeks financial education program. Both quantitative and qualitative data were analyzed to produce a comprehensive description of the participants' perceptions and attitudes toward the financial literacy program. The study demonstrates that the majority of low-income women have low motivation toward financial literacy education, and they also have a negative perception of the usefulness of such program. Thus, it is very important that all educators and trainers examine the characteristics of the trainees and assess the relevancy of the education program before they design certain community engagement program.

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Section: Financial Literacymentioning

confidence: 88%

Section: Introductionmentioning

confidence: 99%

Exploring the Motivation Toward and Perceived Usefulness of a Financial Education: Program Offered to Low-income Women in Indonesia

Hati¹

2017

ajce

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“…In other words, the collected data were interpreted, via content analysis, by means of comparison with the a priori categories of the 2iDf model constructs, as proposed by Birochi and Pozzebon (2016), the objective of same FIGURE 4 Data analysis. Source: Adapted from Freitas and Janissek (2000, p. 85) being to identify the impact of an ICT-equipped bank boat, named Agência Barco, in the financial inclusion of the riverine locations served.…”

Section: Discussionmentioning

confidence: 99%

ICT‐equipped bank boat and the financial inclusion of the riverine population of Marajó Island in the Brazilian Amazon

Jóia

Santos

2018

Information Systems Journal

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The challenge in offering public services in less developed areas in Brazil has mobilized the government in search of new and creative approaches that can reduce major interregional disparities, including lack of access to the financial system, which is the prevailing situation on Marajó Island in the state of Pará in the Brazilian Amazon. To transform this reality, an information and communication technology (ICT)–equipped travelling bank branch installed on a boat—named Agência Barco—was designed for the purpose of meeting the financial needs of the riverine population that lives in a vast territory with low population density, marked transportation difficulties, and a limited supply of ICT. Thus, this research aims to assess the impact of this bank boat in the financial inclusion of a riverine population of Marajó Island in the state of Pará, which is the unit of analysis of this work. The research outcomes indicate that Agência Barco, via ICT, has partially managed to provide access to financial products and services that might be of interest to the riverine population of Marajó Island. However, the lack of basic financial education and context‐based issues related to the ICT infrastructure has been obstacles to the financial inclusion of this riverine population. Finally, the absence of involvement of local people in this endeavour has not stimulated dynamics of empowerment and participation that could lead to sustainable financial inclusion.

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“…On the other hand, authors such as Dávila and Dávila [8] have suggested that research based on reflections can contribute to the understanding of those aspects that at first glance are not valued. Thus, it is necessary to review both the theoretical aspects of the topic when carrying out social research with a focus on issues such as education [9], while at the same time making contrasts to generate new knowledge or approaches to a problem of interest [10]. Once the previous concepts had been revised, the research stages were designed and illustrated in figure 1.…”

Section: Methodsmentioning

confidence: 99%

Technological education in post-conflict Colombia: characteristics and challenges to be met

Gonzalez¹,

Palma²,

Daza³

2018

ces

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The importance of Information and Communication Technologies (ICT) for all levels of education is undeniable, since to a large extent the expected results in this area are articulated with variables such as innovation, creativity and research, which are favored when they are mediated by technologies. With the purpose of reflecting on the contributions that ICT can generate for education processes in Colombia, in the post-conflict stage, the results of a qualitative research that analyzed the different approaches that are currently suggested to incorporate ICT in the educational field are presented below. The final results allow us to understand the methodologies to be followed so that the transition to virtual education environments can be carried out gradually.

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Improving Financial Inclusion: Towards a Critical Financial Education Framework

Cited by 32 publications

References 27 publications

Exploring the Motivation Toward and Perceived Usefulness of a Financial Education: Program Offered to Low-income Women in Indonesia

Exploring the Motivation Toward and Perceived Usefulness of a Financial Education: Program Offered to Low-income Women in Indonesia

ICT‐equipped bank boat and the financial inclusion of the riverine population of Marajó Island in the Brazilian Amazon

Technological education in post-conflict Colombia: characteristics and challenges to be met

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