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FUNDING DEVELOPMENT47© ReutersQuality financialservices for all“Universal access to financial services is within reach –thanks to new technologies, transformative business modelsand ambitious reforms… As early as 2020, such instrumentsas e-money accounts, along with debit cards and low-costregular bank accounts, can significantly increase financialaccess for those who are now excluded.”Jim Yong Kim, President, World Bank GroupBy Dr Elisabeth Rhyne, Managing Director,Center for Financial InclusionFinancial inclusion is within reach.More than 40 years ago, themicrofinance movement began itsspread around the world, helping unservedand underserved communities gain accessto credit and other financial services.Through microfinance, hundreds ofmillions of clients who had been previouslyignored by mainstream financial institutionshave access to products that most of us takefor granted in our daily lives.Now, building on the success ofmicrofinance, the financial inclusionmovement has created a vision of a worldShobha Vakade, who took out a loan of 18,000 rupees($400) from a microfinance company to start herown business, strings beads into necklaces outsideher house in a slum in Mumbai, IndiaGLOBAL DEVELOPMENT GOALS 2014