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More than 60% of adults in the Kyrgyz Republic do not have access to financial products and services, and many still prefer to keep their money under a mattress. While a quarter of the adult population have savings, only 3% have money saved in financial institutions. \n\nNor do people have much use for credit. Only 10.2% of adults have borrowed from a financial institution or used a credit card, a number that\u2019s below global averages.\n\nLack of access to banks and credit keep the poor from escaping poverty because they don\u2019t have the means to invest in a business, education, or even their own health. \n\nSavia Hasanova describes recent developments in financial inclusion and financial literacy in the Kyrgyz Republic.\n\nRead the transcript\nhttps://bit.ly/2A8BRiN\n\nRead the working paper\nhttps://www.adb.org/publications/financial-inclusion-regulation-literacy-education-kyrgyz-republic\n\nAbout the author\nSavia Hasanova is an economic expert at the Investment Round Table in the Kyrgyz Republic.\n\nKnow more about ADBI\u2019s work\nhttps://bit.ly/2FvHnlp\nhttps://bit.ly/2Q7znLQ