Access to finance has been noted as one of the key factors to achieve economic growth in many countries and markets around the world, the term “access to finance” can be broadly defined as the access to financial products and services at a reasonable cost, financial products such as deposits and loans and services such as insurance and equity product. Given the established link between access to finance, increased income and reducing poverty, it has been a global goal to increase individuals’ access to financial services and the concept of financial inclusion became a recommended goal by the United Nation committee on building inclusive financial sector towards banking institutions. Additionally, the term financial inclusion has gone beyond the traditional and early approach of micro finance towards creating packages that include a wide range of services
and products towards all sectors and demographics.