StockGuru Blog: Etelcharge.com (ETLC) Tapping the Unbanked and the Underbanked – In Depth Look
ETLC is tapping the unbanked and the underbanked market and it’s huge. Stock Guru Profile - News - Blogs ETLC recognized an untapped market: the unbanked and the underbanked. This represents a huge market and no one is serving this market by providing a means to participate in the online economic world. Low-income and minority communities represent a strong demographic of Americans who are ‘unbanked.’ That means no banking relationship. A study released in March of 2007, by the National Community Reinvestment Coalition (NCRC) indicates that almost 21 percent of all U.S. households do not have any relationship with banks.…