Peru’s National Policy on Financial Inclusion and Its Alignment with Sustainable Development Goal I
This article analyzes the implementation of the National Financial Inclusion Strategy (NFIS) and its alignment with Sustainable Development Goal (SDG) I: Eradicate poverty. Despite the progress achieved, structural gaps persist and substantially limit the NFIS’s contribution to poverty reduction, es...
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| Formato: | Artículo |
| Lenguaje: | inglés |
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Multidisciplinary Digital Publishing Institute (MDPI)
2024
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| author | Ticona Machaca, Alejandro Gutiérrez Castillo, Félix Henry Turpo Aliaga, Bertelly Cano-Ccoa, Dominga Micaela Yucra Quispe, Roger Cahuana Sanchez, John Herbert Duran Ttito, Corina Nanci Malaga-Yllpa, Yasser Silva Flores, Lourdes Janet Callupe-Cueva, Paulo Cesar |
| author_browse | Cahuana Sanchez, John Herbert Callupe-Cueva, Paulo Cesar Cano-Ccoa, Dominga Micaela Duran Ttito, Corina Nanci Gutiérrez Castillo, Félix Henry Malaga-Yllpa, Yasser Silva Flores, Lourdes Janet Ticona Machaca, Alejandro Turpo Aliaga, Bertelly Yucra Quispe, Roger |
| author_facet | Ticona Machaca, Alejandro Gutiérrez Castillo, Félix Henry Turpo Aliaga, Bertelly Cano-Ccoa, Dominga Micaela Yucra Quispe, Roger Cahuana Sanchez, John Herbert Duran Ttito, Corina Nanci Malaga-Yllpa, Yasser Silva Flores, Lourdes Janet Callupe-Cueva, Paulo Cesar |
| author_sort | Ticona Machaca, Alejandro |
| collection | Producción científica |
| description | This article analyzes the implementation of the National Financial Inclusion Strategy (NFIS) and its alignment with Sustainable Development Goal (SDG) I: Eradicate poverty. Despite the progress achieved, structural gaps persist and substantially limit the NFIS’s contribution to poverty reduction, especially among rural, indigenous, extreme poverty, and other vulnerable groups. The article employs a mixed methods approach combining qualitative and quantitative techniques. On the qualitative side, a hermeneutic documentary analysis of the NFIS and related regulations was carried out, with a critical textual interpretation supported by specialized software. Quantitatively, descriptive statistical techniques were applied to analyze official financial inclusion indicators—methodological integration was achieved through analytical triangulation under a concurrent mixed methods approach. The progress of initiatives under the NFIS was evaluated, identifying limitations such as the digital divide in rural areas, limited financing for Micro and Small Enterprises, gaps in financial education, and growing exposure to digital fraud. Although the NFIS promotes greater access to financial services, it does not explicitly focus on the poorest and most excluded populations. Therefore, it is recommended that the objectives and indicators of the NFIS be reformulated to focus on universal access and effective use of financial services by the population in extreme poverty and chronic exclusion. In addition, a strategic articulation with social protection policies is necessary, as well as promoting culturally relevant microfinance and inclusive finance models, strengthening consumer protection, and consolidating public–private alliances in high-poverty areas. Finally, strong monitoring and accountability are also key. |
| format | Article |
| id | oai:cris.upeu.edu.pe:20.500.15037/2929 |
| institution | UPeU |
| language | English |
| publishDate | 2024 |
| publishDateRange | 2024 |
| publishDateSort | 2024 |
| publisher | Multidisciplinary Digital Publishing Institute (MDPI) |
| publisherStr | Multidisciplinary Digital Publishing Institute (MDPI) |
| record_format | dspace |
| spelling | oai:cris.upeu.edu.pe:20.500.15037/29292026-11-02T22:00:04ZPeru’s National Policy on Financial Inclusion and Its Alignment with Sustainable Development Goal ITicona Machaca, AlejandroGutiérrez Castillo, Félix HenryTurpo Aliaga, BertellyCano-Ccoa, Dominga MicaelaYucra Quispe, RogerCahuana Sanchez, John HerbertDuran Ttito, Corina NanciMalaga-Yllpa, YasserSilva Flores, Lourdes JanetCallupe-Cueva, Paulo CesarThis article analyzes the implementation of the National Financial Inclusion Strategy (NFIS) and its alignment with Sustainable Development Goal (SDG) I: Eradicate poverty. Despite the progress achieved, structural gaps persist and substantially limit the NFIS’s contribution to poverty reduction, especially among rural, indigenous, extreme poverty, and other vulnerable groups. The article employs a mixed methods approach combining qualitative and quantitative techniques. On the qualitative side, a hermeneutic documentary analysis of the NFIS and related regulations was carried out, with a critical textual interpretation supported by specialized software. Quantitatively, descriptive statistical techniques were applied to analyze official financial inclusion indicators—methodological integration was achieved through analytical triangulation under a concurrent mixed methods approach. The progress of initiatives under the NFIS was evaluated, identifying limitations such as the digital divide in rural areas, limited financing for Micro and Small Enterprises, gaps in financial education, and growing exposure to digital fraud. Although the NFIS promotes greater access to financial services, it does not explicitly focus on the poorest and most excluded populations. Therefore, it is recommended that the objectives and indicators of the NFIS be reformulated to focus on universal access and effective use of financial services by the population in extreme poverty and chronic exclusion. In addition, a strategic articulation with social protection policies is necessary, as well as promoting culturally relevant microfinance and inclusive finance models, strengthening consumer protection, and consolidating public–private alliances in high-poverty areas. Finally, strong monitoring and accountability are also key.Article10.3390/su161041512-s2.0-85194368827https://hdl.handle.net/20.500.15037/2929enSustainabilitySustainability (Switzerland)2071-1050Multidisciplinary Digital Publishing Institute (MDPI)2024-05-152026-06-27T02:34:48Z2026-06-27T02:34:48Z |
| spellingShingle | Ticona Machaca, Alejandro Gutiérrez Castillo, Félix Henry Turpo Aliaga, Bertelly Cano-Ccoa, Dominga Micaela Yucra Quispe, Roger Cahuana Sanchez, John Herbert Duran Ttito, Corina Nanci Malaga-Yllpa, Yasser Silva Flores, Lourdes Janet Callupe-Cueva, Paulo Cesar Peru’s National Policy on Financial Inclusion and Its Alignment with Sustainable Development Goal I |
| title | Peru’s National Policy on Financial Inclusion and Its Alignment with Sustainable Development Goal I |
| title_full | Peru’s National Policy on Financial Inclusion and Its Alignment with Sustainable Development Goal I |
| title_fullStr | Peru’s National Policy on Financial Inclusion and Its Alignment with Sustainable Development Goal I |
| title_full_unstemmed | Peru’s National Policy on Financial Inclusion and Its Alignment with Sustainable Development Goal I |
| title_short | Peru’s National Policy on Financial Inclusion and Its Alignment with Sustainable Development Goal I |
| title_sort | peru s national policy on financial inclusion and its alignment with sustainable development goal i |
| url | https://hdl.handle.net/20.500.15037/2929 |
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