From access to resilience 1 Respondents see the success of inclusive finance increasingly framed around the ability to withstand shocks, not only to open accounts or receive loans. This has been a long-term trend, but has strengthened or accelerated. They see client, household and business resilience * as one of the primary tests or criteria for success. This is part of a broader trend and narrative — beyond credit as the default product; beyond access or even inclusion towards financial health; beyond outreach and towards outcomes. Respondents see the success of inclusive finance increasingly framed around the ability to withstand shocks, not only to open accounts or receive loans. This has been a long-term trend, but has strengthened or accelerated. They see client, household and business resilience * as one of the primary tests or criteria for success. This is part of a broader trend and narrative - beyond credit as the default product; beyond access or even inclusion towards financial health; beyond outreach and towards outcomes. *Resilience includes income volatility, climate shocks, health shocks, displacement and household-level risk management. 3. Five themes Low-income households are becoming more vulnerable, more exposed to shocks and less able to cope. Financial inclusion must shift towards resilience, not just access. Svetlana Roganovic, Global Credit Risk Director, VisionFund International