According to Frank DeGiovanni, director of financial assets at the Ford Foundation "... more than 30 million low-income families across the U.S. lack access to traditional banking and financial systems". The U.S. Financial Diaries Project is tracking 200 families in order to understand how best to help these families and develop "reliable tools to absorb economic shocks". To read more click here.
Many low income families are forced to be very creative when it comes to accessing funds in times of hardship. Click here to view "When people make their own banks", which aired on NPR's All Things Considered Friday, June 14. ASAP is proud to be working in collaboration with the Northern Lights, to share ideas and learning on how best to adapt IS&L to countries in the "North". Click here to learn more.