Abstract: In Fiji, close to 340,000 people living in rural villages and settlements do not have access to banking services. UNDP and ANZ Bank partnered to devise viable and innovative commercial banking services, supported by a financial literacy training programme. The investment comprises a fleet of 6 mobile banks that travel on a regular schedule to 150 designated rural villages and settlements. The ability to change the mandated proof of identify required to open a bank account enabled ANZ Bank to offer products such as loans and savings accounts to those communities who lacked official documentation. Click here to read more…
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