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Financial services play a vital role in emerging economies and are a key contributor to achieving the Sustainable Development Goals (SDGs). However, one in three adults in developing countries remains unbanked and lacks access to basic financial services to help them manage household finances.<\/p>\n
Expanding access to finance among these underserved populations allows them to improve their financial resilience, seize business opportunities that would otherwise remain out of reach, and create new jobs, thereby contributing to several SDGs. For example, financial services such as loans, savings accounts, and insurance products contribute to poverty reduction (SDG 1: No Poverty) by providing low-income households with mechanisms to better manage their finances. Furthermore, targeting women's financial inclusion contributes to gender equality (SDG 5: Gender Equality), since low-income women represent the largest share of unbanked adults and often lack the resources to control their finances. Other tailored financial services targeting farmers can also contribute to food security (such as SDG 2: Zero Hunger) by increasing agricultural productivity and supporting smallholder farmers.<\/p>\n
Through these channels, the Symbiotics portfolio aims to contribute to sustainable development and economic growth by expanding access to finance among low- and middle-income households in emerging and frontier markets.<\/p>\n
The Symbiotics 2021 Impact Report analyzes and presents the social and environmental impact of Symbiotics' investments as of December 2021.<\/p>\n