“Informal economy represents 38% of GDP in the Sub-Saharan countries”
Scrooge offers a social way to improve financial literacy by helping people to understand better their everyday financial matters. In informal economy people borrow and loan money to each other and spend money together e.g. in communities and cooperatives.
By bringing transparency to this existing ecosystem Scrooge helps people in developing countries to have more control over their financials. Becoming more literate about the informal economy helps the transition towards mastering also the formal economy in the form of having a bank account, applying for a loan from a financial institution etc.
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