Presentation Title

Alternative Financial Services for Refugees

Location

Lilliard Science Center A 044

Abstract

Alternative financial services help refugees overcome personal and economic barriers when seeking a new life in camps, self-contained communities, and urban settings. In refugee camps such as in Badbaado, Mogadishu (Somalia) and near Elliniko, Greece, RoSCAs (rotating savings and credit associations), savings groups, microfinance programs, and hawalas (for remittances) facilitate personal and entrepreneurial transactions. These alternative banking activities, along with more formal financial services, are also used in refugee communities such as Clarkston, Georgia. Mobile banking technology, including smartphone apps and FinTech, is also reducing the financial barriers of refugees.

Presentation Type

Individual Presentation

Start Date

4-10-2018 9:00 AM

End Date

4-10-2018 10:15 AM

Field of Study for Presentation

Area Studies, Business, Economics, Entrepreneurship and Innovation, Finance, International Relations, Social Justice

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Apr 10th, 9:00 AM Apr 10th, 10:15 AM

Alternative Financial Services for Refugees

Lilliard Science Center A 044

Alternative financial services help refugees overcome personal and economic barriers when seeking a new life in camps, self-contained communities, and urban settings. In refugee camps such as in Badbaado, Mogadishu (Somalia) and near Elliniko, Greece, RoSCAs (rotating savings and credit associations), savings groups, microfinance programs, and hawalas (for remittances) facilitate personal and entrepreneurial transactions. These alternative banking activities, along with more formal financial services, are also used in refugee communities such as Clarkston, Georgia. Mobile banking technology, including smartphone apps and FinTech, is also reducing the financial barriers of refugees.