<ul><li>Millions of individuals remain excluded from traditional banking services, making access to financial stability a challenge.</li><li>Common obstacles faced by the underbanked include limited credit history, high banking fees, and geographical inaccessibility.</li><li>Alternative credit options, such as microloans, P2P lending, credit builder loans, and mobile money platforms, help expand financial access for the underbanked.</li><li>Financial literacy initiatives, technological advancements, and collaboration among nonprofits, governments, and financial institutions are necessary to empower the underbanked.</li></ul>

Alternative Credit Options for the Underbanked: Expanding Financial Access

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