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March 8 marks International Women's Day, and the theme for 2016 is "gender parity." This is a critical issue in financial inclusion because of the world's 2 billion 'unbanked' people, 1.1 billion are women. Almost half of women around the world lack access to basic financial services, like savings accounts, credit, or insurance. This has huge costs for families, communities and economies at large.
Many barriers - both cultural and regulatory - prevent women from accessing financial services in the same way as men. Financial service providers need to take into account these barriers, as well as women's specific financial needs, to reach half of the world's potential customers.
Find out more at: www.cgap.org/blog/series/gender-policy-and-financial-inclusion
Music Credit: Podington Bear, "Peas Corps," via free music archive |