Allow refugees to use movable assets to access credit, banks told

A global financial body, Alliance for Financial Inclusion (AFI) is fronting a plan to compel refugee host countries to formulate special policies that allow forcibly displaced persons to access financial services with ease. The head of the Alliance for Financial Inclusion in Africa, Mr James Ivan Setimba says currently, the refugees face a lot of challenges in accessing financial services in their respective host countries because of the stringent laws surrounding access to finance from banks, and SACCOS among others. He says the required policy is seeking the respective countries to allow refugees to use their properties at their disposal such as goats, and television as collateral to access credit, despite the fact that banks need land, among other items. […]