Trading using leverage and turning $1000 into $1M+ is not a likely future. “If trading with a broker using leverage was easy, then everyone would be millionaires living their dreams!” We are not a Broker. We are not a Prop Firm, Prop Shop or Prop House. We only profit when our traders withdraw profit from the market.
A growing body of evidence indicates that increasing poor people’s access to an improved suite of financial tools has the potential to accelerate the rate at which they move out of poverty, and help them hold on to the gains they have made.
The foundation’s Financial Services for the Poor (FSP) program believes that impact will occur at three levels:
• Level 1: Reducing the resources (in both time and money) that poor people must expend to finance their current activities
• Level 2: Increasing poor people’s capacity to manage economic shocks and capture income-generating opportunities
• Level 3: Generating economy-wide efficiencies by digitally connecting large numbers of poor people to their peers, financial service providers, government services, and other counterparties
OUR STRATEGY:
We started our strategic analysis by unpacking the
economic barriers that prevent poor people from accessing
a range of formal financial services. We then assessed how
those economics must change in order to sustainably reach
poor people with formal financial services at prices they
can afford. We found that one of the reasons that it is too
costly to serve poor people with affordable financial services
is because most poor households conduct most or all of
their financial transactions in cash. This perpetuates the
poor’s marginalization from the formal economy because
banks, insurance companies, utility companies, and other
institutions pay high costs to store, transport and process
cash.