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Women and Financial Inclusion: Gender Equality, Social Impact and Global Access to Capital for Women

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United Nations Sustainable Development Goals Conference Speech, May 2016
FLOW Summit Co-founder Danielle Kayembe

Globally, women are disproportionately affected by economic inequality. How can we use innovation and create new models to improve women's full inclusion in economic activity? Announcing the FLOW (First Ladies of the World) Summit on Women's Economic Empowerment. Our mission is to transform how funding for women is determined, allocated and accessed.

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Women and Financial Inclusion: Gender Equality, Social Impact and Global Access to Capital for Women

  1. 1. . United Nations Sustainable Development Goals for World Development Conference May 23, 2016 Women and Financial Inclusion: Increasing the FLOW of Women’s Global Access to Capital Danielle Kayembe, Co-Founder FLOW Summit www.flowsummit.org
  2. 2. UN SDG Conference In 2015, The United Nations announced 17 Sustainable Development Goals (SDGs) to end poverty, fight inequality and injustice, and tackle climate change by 2030.
  3. 3. 3 Call to Action “The empowerment of the world’s women is a global imperative. Yet despite important progress in promoting gender equality, there remains an urgent need to address structural barriers to women’s economic empowerment and full inclusion in economic activity. If the world is to achieve the Sustainable Development Goals, we need a quantum leap in women’s economic empowerment.” -UN Secretary General Ban Ki-Moon, -WEF Davos, January 2016
  4. 4. 4 Gender Equality… Although the conversation on gender equality has taken center stage at countless conferences and gatherings -- There is still an unacknowledged need to address the underlying structural barriers to women’s economic empowerment and their full inclusion in economic activity
  5. 5. Globally, women are disproportionately affected by economic inequality A few stunning facts: • women constitute a larger majority of the world’s working poor a disproportionate 70% • women earn 24% less than men globally • 75% of women’s work in developing countries is informal, unprotected and often times dangerous • women do an average of 4.5 hours of free labor globally, and in developing countries women do 10 times more work than men • only two cents of every development dollar actually goes toward programs for girls 5
  6. 6. In the developed world… Women don’t fare much better: • women earn 24-40% less than their male counterparts, based on gender and race • women are poorly represented in executive roles, comprising 14.6% • only 4.6% are CEOs • women are less than 15% of entrepreneurs funded by venture capitalists • with over 100,000 funds globally and less than 100 are women-run 6
  7. 7. Despite their lack of representation… • Studies have shown that when women are in senior leadership, companies perform better and funds perform better with women at the helm • According to a McKinsey study addressing women’s lack of financial access can unlock an additional $28 trillion in the world economy 7
  8. 8. Where are women’s voices…? • Women’s voices are absent in shaping the global agenda in politics and business • Women’s voices are underrepresented in high profile global conferences such as World Economic Forum at Davos • In 2016, female attendance at Davos peaked at 18% this year (up from 15% in 2014) 8
  9. 9. 9 Old Challenges and New Innovations • So women are the majority of the world’s poor, receive the least allocation in development funds & poor access to capital. Women’s voices are shut out of steering the global decision-making bodies that drive these decisions • Current efforts to advance the agenda on gender equality aren’t sufficient to achieve the SDGs – we will need a quantum leap in women’s economic empowerment • We believe this can only be achieved through a new, innovative financial model designed to spark change in a newly collaborative fundamental manner
  10. 10. 10 FLOW MODEL FOR INNOVATION ____________ We are announcing that we will soon launch a financial inclusion initiative that will dramatically transform how funding for women and girls is determined, allocated and accessed.
  11. 11. 11 • FLOW: First Ladies of the World Summit • FLOW Women’s Economic Empowerment Summit, will map out global empowerment for women in a way which brings about a unique and new model for increasing access to capital for women worldwide • The FLOW consortium model will initially include working gatherings • The first will be held next year in May 2017 on the island of Antigua & Barbuda, who will generously host the inaugural event The FLOW Model
  12. 12. This is our chance and our time, to be bolder, to be fearless, and to try something new for the greatest good and for the most sustainable benefit possible. We must think differently in order to innovate and make a better future possible for women around the world.
  13. 13. 13 The Team Pilar Stella, Strategy, Partnerships & Funding Danielle Kayembe, Partnerships & FundingJoy DiBenedetto, Global Strategist & Media Patrick Sciarratta, Manager & Special Advisor • Founder/CEO of the global media agency HUM: Human Unlimited Media; international wire service HUMNEWS and its parent company Digest Media Group. • Immediate Past President/CEO of the Nobel Peace-prize nominated global non-profit ‘Friendship Force International’ • German Marshall Memorial Fellow • Founder of GreyFire Impact & Cofounder Tour of Tech: Lagos • Focused on women, social impact, tech & Africa; entrepreneurs in emerging markets • Seasoned finance, strategy & international consulting executive; worked with Fortune 500 companies • Special Advisor, Permanent Mission of Sao Tome & Principe • MacArthur Awardee and Creator “Youth Assembly at the United Nations” • Fiscal Agent for UN Conferences, including NGO Conference, Youth Assembly, Humanity Series, Ebola Relief • Cofounder and Managing Partner of Alchemus Capital • Hosted global events and written book with Nobel Peace Laureates and other global leaders • Published author, written for Forbes, HuffPost, Women 2.0; German Marshall Memorial Fellow
  14. 14. 14 Do you believe that fair access to capital for women and girls still needs work? We do. You can become a global partner, collaborator, sponsor or advisor. Visit our website: www.flowsummit.org Reach out to us directly: info@flowsummit.org Follow us on social media:: @FLOW_BANK Facebook: https://www.facebook.com/FLOWSummit.Bank/ Join our LinkedIn Group where we’ll be sharing updates on the conference, new ideas in social impact, gender equality, financial inclusion, and building a community of like minded innovators: LinkedIn Group – Flow Summit & Innovation Fund Join The Movement
  15. 15. FLOW Summit on Women’s Economic Empowerment ________ www.flowsummit.org ________ Contact us: info@flowsummit.org

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