Individual organisations develop a FIAP with actions designed to strengthen financial inclusion and resilience for large numbers of people, including their employees and customers experiencing exclusion and hardship, with a specific focus on:
- economic wellbeing, especially of women
- increasing engagement
- innovative solutions
- cross-sector cooperation.
Why is financial inclusion important?
The long-term outcome of the FIAP program is to increase financial inclusion and resilience, enable people to be in control of their finances, and increase financial capability and confidence. By connecting and collaborating across sectors and industries, the FIAP program can create a more financially inclusive environment for the more than three million Australians who are financially excluded.
Good Shepherd Microfinance was appointed by the Australian Government to develop a financial inclusion action plan (FIAP) program, in partnership with the Australian Government, EY and the Centre for Social Impact. The program is supported by an advisory group of experienced professionals from across the government, corporate and community sectors.
To find out more visit: http://goodshepherdmicrofinance.org.au/services/financial-inclusion-action-plans-fiap/
&p[summary]A financial inclusion action plan (FIAP) is a commitment of agreed actions that organisations undertake to improve financial inclusion and resilience for those experiencing vulnerability and hardship. ){kind=link}