8 things you may not
know about financial
inclusion and gender
How do women save and use financial services in the developing world?

A new report by the World Bank compiles evidence on...
Worldwide, more men (55%) than women (47%) own or co-own bank accounts. The gender
gap is biggest among people surviving o...
Both men and women cite similar reasons for not owning a bank account, with lack of money
as the No. 1 commonly reported r...
Gender norms, by law or custom, influence the rate at which women access financial
services. In many developing countries,...
Women fall behind men when it comes to using savings and lending instruments through
formal institutions, even after consi...
More women than men use informal ways to save. In sub-Saharan Africa, 53% of women tap
informal community-based methods, s...
Compared to their male counterparts, female entrepreneurs tend to pay higher interest rates
or get less favorable loan ter...
Owning personal savings instruments can boost women’s empowerment as it’s found to
prompt increased consumption and produc...
By itself, boosting access to financial services may not fuel the growth of women-owned
enterprises, if underlying causes ...
Read more about financial inclusion on
Devex.com:
How USAID's partners are transitioning to epayments
Financial inclusion ...
Upcoming SlideShare
Loading in...5
×

8 things you may not know about financial inclusion and gender

2,456

Published on

How do women save and use financial services in the developing world?

A new report by the World Bank compiles evidence on gender gap in access to finance. Here are some of the findings from recent studies.

Published in: Economy & Finance, Technology
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
2,456
On Slideshare
0
From Embeds
0
Number of Embeds
13
Actions
Shares
0
Downloads
42
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

8 things you may not know about financial inclusion and gender

  1. 1. 8 things you may not know about financial inclusion and gender
  2. 2. How do women save and use financial services in the developing world? A new report by the World Bank compiles evidence on gender gap in access to finance. Here are some of the findings from recent studies.
  3. 3. Worldwide, more men (55%) than women (47%) own or co-own bank accounts. The gender gap is biggest among people surviving on less than $2 daily and living in South Asia and the Middle East.
  4. 4. Both men and women cite similar reasons for not owning a bank account, with lack of money as the No. 1 commonly reported reason. In the developing world, women (26%) are more likely than men (20%) to say they don’t own one because a family member already has an account.
  5. 5. Gender norms, by law or custom, influence the rate at which women access financial services. In many developing countries, women don’t enjoy equal inheritance rights or cannot own assets that can be used as collateral for loans.
  6. 6. Women fall behind men when it comes to using savings and lending instruments through formal institutions, even after considering factors such as age, education, income and residence (whether urban or rural).
  7. 7. More women than men use informal ways to save. In sub-Saharan Africa, 53% of women tap informal community-based methods, such as rotating savings and credit associations, as compared to 43% of men.
  8. 8. Compared to their male counterparts, female entrepreneurs tend to pay higher interest rates or get less favorable loan terms and are more likely to shy away from seeking financing from formal sources.
  9. 9. Owning personal savings instruments can boost women’s empowerment as it’s found to prompt increased consumption and productive investment among women.
  10. 10. By itself, boosting access to financial services may not fuel the growth of women-owned enterprises, if underlying causes of gender gap are not addressed. Due to some constraints – such as lack of decision-making in the household or cooperation from husbands – women would opt to invest in sectors that would have lower returns compared to men, even if they are provided with business training.
  11. 11. Read more about financial inclusion on Devex.com: How USAID's partners are transitioning to epayments Financial inclusion gap: Some progress, but wide disparities remain How better data can galvanize financial inclusion
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×