Martin Eakes did something about it, and today the Ford Foundation recognized him as a Social Visionary for his work at Self Help.
The Foundation notes that mainstream financial markets fail to meet the needs of poor and marginalized populations for three reasons.
- Financial products and services offered typically are inappropriate for low-income households.
- The infrastructure or delivery system is unresponsive to their needs.
- Policies and regulatory systems are poorly designed and implemented.
We salute Self Help, and it is a high priority at RPM to help institutions, communities and regulators and legislators to use GIS and data resources to develop innovative ways to far better serve unbanked and under-served individuals and families.