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WORLD BANK / BANKS POOR
STORY: WORLD BANK / BANKS POOR
TRT: 2:15
SOURCE: WORLD BANK
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS
DATELINE: 19 APRIL 2012 WASHINGTON, DC / FILE
FILE- 2010, KIEV, UKRAINE
1. Wide shot. market scene
2. Med shot, market scene
FILE – 2012, INDONESIA
3. Tilt up, woman and baby
FILE – 2010, MALI
4. Wide shot, woman walking with goats
FILE – 2012, INDONESIA
5. Med shot, market
FILE – 2011, GUATEMALA
6. Med shot. woman measuring food
2012, WASHINGTON, DC
7. SOUNDBITE (English) Leora Klapper, Lead Economist, Development Research Group, World Bank:
“We also found interestingly that women most commonly report that they use someone else’s account, suggesting they don’t have ownership over their accounts and their own assets the way men do.”
FILE – 2008, SINGAPORE
8. Wide shot. People walking on city street
9. Wide shot. bank on busy street
FILE – 2011, NEPAL
10. Tracking shot, woman walking
FILE - 2012, ETHIOPIA
11. TrackING shot, farm workers
12. SOUNDBITE (Amharic) Gebremichael Gidey, Ethiopian farmer:
“People used to put the available limited money at home in pots, under the mattress and other materials. The saved money used to be eaten or ruined by rats, termites and other things.”
13. Various shots, farmer walking
14. Med shot, workers picking fruit
FILE – 2011, BANGLADESH
15. Med shot, woman hoes field
FILE – 2011, QENA, EGYPT
16. Zoom out, Shop owner
17. Med shot, People in shop
18. Zoom in, man shopping
2012, WASHINGTON, DC
19. SOUNDBITE (English) Asli Demirguc-Kunt, Director, DEC and Chief Economist, FPD, World Bank
“Nearly two thirds of the people who say they don’t use an account says it’s because they don’t have enough money. About a quarter of the people complain about high costs of banking and nearly the same amount complain about the distance travelling to a bank, which means long bus rides for many.”
FILE – 2010, LIBERIA
20. Wide shot, People walking along road
FILE – 2011, NEPAL
21. Wide shot, people walking on road
FILE – 2011, MOZAMBIQUE
22. Wide shot, Bus coming down road
FILE – 2011, KENYA
23. Wide shot, man hands money to shopkeeper
FILE – 2010, TUNIS
24. Med shot, man on cell phone
FILE – 2010, LIBERIA
25. Close up, woman on cell phone
FILE – 2011, KENYA
26. Wide shot, townspeople, boy on bike
27. Wide shot, people talking on busy street
FILE – 2011, MOZAMBIQUE
28. Close up. woman on phone
FILE – 2009, LESOTHO
29. Close up, woman counts money
FILE – 2010, MONGOLIA
30. Med shot, woman operates machine
FILE – 2010 MAURITANIA
31. Med shot, women fold cloth
FILE – 2011, BANGLADESH
32. Close up, man uses ATM
FILE – 2010, NEPAL
33. Close up, woman counts money
34. Various shots, women counting money
More than half of the world’s poor don’t use banks, leaving them vulnerable to loss, theft
and exploitation.
A new World Bank study using data collected by Gallup says women and the rural poor are particularly likely to have no bank account.
In many countries over 95% of adults are among these so-called “unbanked”.
SOUNDBITE (English) Leora Klapper, Lead Economist, Development Research Group, World Bank
“We also found interestingly that women most commonly report that they use someone else’s account, suggesting they don’t have ownership over their accounts and their own assets the way men do.”
The Gallup data is part of the World Bank’s Global Financial Inclusion project – or - Global Findex.
Funded by The Bill and Melinda Gates Foundation, Global Findex finds that most adults earning less than $2 a day save money in informal ways.
SOUNDBITE (Amharic) Gebremichael Gidey, Ethiopian Farmer
“People used to put the available limited money at home in pots, under the mattress and other materials. The saved money used to be eaten or ruined by rats, termites and other things.”
Pests, fires or theft aren’t the only dangers.
No bank account also means no interest on savings, no credit history, no mortgages and often higher fees for loans.
Factors such as these mean the “unbanked” are less able to start their own business, and are more likely to remain poor. But for some, the costs of having a bank account seem to outweigh the benefits.
SOUNDBITE (English) Asli Demirguc-Kunt, Director, DEC and Chief Economist, FPD, World Bank
“Nearly two thirds of the people who say they don’t use an account says it’s because they don’t have enough money. About a quarter of the people complain about high costs of banking…EDIT …and nearly the same amount complain about the distance travelling to a bank, which means long bus rides for many.”
So efforts are under way to make banking more accessible to more people.
Cell phones are also a way to shortcut the scarcity of physical bank buildings in less developed areas.
In Kenya, more than two-thirds of adults say they use their mobile phones for money transactions such as paying bills and making deposits.
The current and future rounds of Global Findex data can be used to track the effects of financial inclusion policies globally and develop a deeper and more nuanced understanding of how people around the world save, borrow, make payments, and manage risk.
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