Mr. Suresh Krishna (Managing Director, Grameen Financial Services Pvt. Ltd), on Financial Inclusion Speech Summary For low-income, poor households, the need for financial services and credit often arise more for emergency expenses rather than planned expenses. This is due to the fact that poor households are less prepared to deal with death, natural disasters, disability and crop failures that result in emergency expenses. For this reason, poor households need to have insurance covering these things. Microfinance is largely driven by credit, but credit is only a small part. If the aim of microfinance is to alleviate poverty, MFIs need to bear in mind the full range of financial services, not just credit. Read More