Approximately 80 percent of people in India over the age of 15 own a bank account, however only 34 percent of adults – and just 30 percent of women – saved money in the year leading up to this study. The authors surveyed 2,000 women in the states of
Tag: WWB
MICROFINANCE PAPER WRAP-UP: “Beyond Wage Digitization: Financial Capability and Economic Empowerment of Cambodian Women Migrant Workers,” Published by Women’s World Banking (WWB)
This report analyzes the financial awareness, financial behaviors and economic empowerment of 2,800 women – mostly migrants – who work in 13 factories in Cambodia and are paid via digital accounts with Wing Bank. The authors’ initial literature review indicated
MICROFINANCE PAPER WRAP-UP: “Leadership as a Driver of Innovative Financial Services for Women;” by Jaclyn Berfond, Jennifer Iwueze; Published by WWB
This paper offers an analysis of data collected from alumni of the Women’s World Banking Leadership & Diversity for Innovation Program (LDIP), which engages “senior executives and high-potential women leaders to enable them to successfully serve low-income women” customers of financial service providers (FSPs). The authors focus on “the strategic business initiatives of LDIP participants” and
MICROCAPITAL BRIEF: DFC Boosts 2X Women’s Initiative Goal to $12b; Adds Climate, Technical Assistance Components; Announces Women’s World Banking (WWB) Fund Partnership
The government-backed US International Development Finance Corporation (DFC) recently announced a set of initiatives to boost its promotion of gender equity, including: (1) an increased goal of investing USD 12 billion in women over five years through its 2X Women’s Initiative, which supports “investment in projects that are owned by women, led by women, or provide a product or service that empowers women;” (2)
MICROCAPITAL BRIEF: Amartha Raises $28m in Equity from Mandiri, MDI, UOB, WWB for Credit Scoring, E-commerce, Peer-to-peer Lending for Women Microentrepreneurs in Rural Indonesia
Amartha, a firm offering peer-to-peer lending and other services in Indonesia, recently raised USD 28 million in equity from two previous investors in the firm as well as Indonesia-based Metra Digital Innovation (MDI) Ventures and the Women’s World Banking (WWB) Capital Partners II fund of the US-based nonprofit WWB. The previous investors increasing their stakes are
MICROCAPITAL BRIEF: UNCDF, Women’s World Banking Partner on Digital Financial Inclusion for Women
The UN Capital Development Fund (UNCDF) and the US-based nonprofit Women’s World Banking (WWB) recently launched a strategic partnership to increase “access to digital financial services for women and girls, specifically in emerging markets and least developed countries.” The goals include to boost