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Gender challenges confronting the issues women face in microfinance roshaneh-zafar

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Gender challenges confronting the issues women face in microfinance roshaneh-zafar

  1. 1. CHALLENGES: CONFRONTING THE ISSUES WOMEN FACE IN MICROFINANCE Roshaneh Zafar, Founder & MD Kashf Foundation
  2. 2. Introducing Kashf Foundation      18 years as Change Agents in economic empowerment arena Trendsetters in MF industry in Pakistan Built around the notion of solution building for family and community security. Heavily focused on responsible finance through an evolving business development & women’s entrepreneurship Principles of accountability include shared values reciprocity, respect, transparency, trust & reliability.
  3. 3. Barriers to Women’s economic participation • Women lack access to banks/ financial services • Women focus on low return based activities Financial Legal/ Political • Women do not own land and other assets Economic Social Cultural • Women are not literate. Women’s mobility is constrained
  4. 4. What does research show? 1/2 Components Hypothesis Results 1. Entrepreneurial Capacity  Business Management capacity Sufficient but limited  Financial Management capacity Absent  Vocational skills Obsolete  Product/service quality Absent  Labor costing/pricing Basic  Knowledge of product cycle development Basic  Marketing Word-of-mouth  Business assets (equipment, tools, etc.) Sufficient for informal sector  Physical assets (land, rented space, etc.) Home-based  Financial assets (credit, savings, etc.) Insufficient  Labor Family/ neighbors 2. Access to Capital
  5. 5. What does research show? 2/2 Components Hypothesis Results 3. Access to markets  Business networks Localized to community  Competitors Highly saturated  Market outreach Fixed suppliers/ intermediaries  Barriers within household ‘Triple burden’  Barriers within community Mobility restricted  Barriers within market Gender restrictions 4. Social barriers
  6. 6. The Role of Microfinance in Women’s Economic Participation (1/2) Individual Financial Barriers Women lack access to banks/ financial services in own right Economic Barriers Women undertake activities which produce low returns; Women have a heavy domestic workload Household MF Strategies to address these constraints • Designing pro women strategies that reflect the concept of agency and removes the need for physical collateral. • Building affordable delivery mechanims that allow procuring loans in proximity to the community • Promoting and providing affordable and accessible savings Gender division of • Introducing cashflow backed loan labor, unequal products products that involve a access and control feel-good approach and also cater of land, labor and to the financial needs of women inputs unequal led businesses control of joint • Providing business development household services produce and • Helping create value chains income stream Men control cash income, men have specific expenditure patterns
  7. 7. Systemized Financial Education Gender Trainings Women Entrepreneur s ‘ Council Media Campaign Business Incubation Labs Social Theater Gender Empowerment Basic Financial Literacy Business Development Services Financial Education Microfinance Plus Activities Public Service Messages TV Series on entrepreneurs hip
  8. 8. Key aspects of Responsible Finance Productive Enterprise Lending Financial Education Business Incubation Support Client Grievance System Consumer Protection Code
  9. 9. Thank you!

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