Connectors crucial for inclusion
Business Standard Fifty-eight per cent of Indians find it difficult to access credit, savings and jobs because of their gender, more than in any other country surveyed, finds a MasterCard commissioned study,
The Connector's Project. In addition, 67 per cent of respondents worry about money they owe to others and 82 per cent worry about their future prospects. The survey focused exclusively on street vendors and domestic workers to provide authentic and workable solutions to ensure economic inclusion.
By identifying the connectors and the points on the inclusion journey at which they provide the maximum leverage,
The Connector's Project aims to provide insights to governments, NGOs and private businesses to reach the maximum number of subjects for inclusion.
The research found five key connections in an individuals' network: mentor, introducer, migrator, role model and business influencer. These are the people who provide ideas, support, and knowledge to those seeking greater economic inclusion for themselves and their families. According to the report, the most critical among the five are 'migrator' and 'business influencer'. Migrators are unique because they have ties to communities beyond where they live and work and they connect people to remittances, hence, moving toward a more formal financial system.