Financial Inclusion Through Innovation: A Tool for Social and Economic Sustainable Development
Year: 2025
Type: conference-paper
Study design: Observational Study
Abstract: Financial inclusion represents a central pillar of sustainable economic and social development, as it ensures access to financial services for all individuals, particularly the most vulnerable and marginalized groups. This paper examines how financial innovation, through instruments such as microfinance, digital credit, mobile banking, and fintech solutions, promotes inclusion, reduces poverty, and stimulates entrepreneurship. Using the Albanian microfinance sector as a case study, the analysis highlights how access to microcredit has improved living standards, supported micro-enterprises, and empowered women. The research employs both quantitative and qualitative approaches, using data collected from 253 respondents in the regions of Tirana and Durres. Findings confirm that expanded access to financial services increases household income and savings, demonstrating the importance of inclusive financial policies for long-term sustainable growth. Moreover, the study reveals that digital innovations such as online credit scoring, mobile banking, and financial literacy programs play a growing role in expanding access and efficiency. The paper concludes that financial inclusion, driven by technological innovation, not only promotes poverty reduction but also acts as a catalyst for sustainable economic transformation.
Authors: Irsida Dinoshi, Rezart Dibra
Institutions: Tirana Business University, University of Tirana
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W7223277652