Financial Education is key to promoting Financial Inclusion which is a step towards customer protection as it ensures linkage with mainstream financial institutions so that the hapless borrower is not at the mercy of the informal service providers who charge notoriously high rates of interest... Building financial capability is a very great challenge – the combination of knowledge, skills and attitudes with the opportunities to apply them – requires input from multiple sources including those that educate the consumer and those that sell the products.
As a result, the responsibility for wise decisions regarding financial strategies and tools does not lie solely with the individual client.