Despite increased financial access overall, the gender gap hasn’t changed much since 2014. And while fintech has potential to empower women, fintech and financial inclusion for women don’t necessarily go hand-in-hand. In a recent op-ed, Caren Robb discusses ways that financial institutions can promote gender-equitable financial inclusion and close the gender gap.
Discussion of how fintech and financial inclusion can close the gender gap took center stage at FINCA Impact Finance’s 2019 International Women’s Day event, Can the Future Still Be Female? A Discussion on Fintech and Gender Balance. Panelists included Rosita Najmi of the Bill & Melinda Gates Foundation, Dr. Sonja Kelly of the US State Department, Bhavana Srivastava of MicroSave Consulting and Elissa McCarter Laborde of the Vitas Group.
FINCA provides business loans for women entrepreneurs along with other gender-sensitive finance services to help close the gender gap in financial access. In 2018, the company opened a women-only bank branch in Afghanistan and launched a new loan for women entrepreneurs in Kosovo.
FINCA Microfinance Bank Limited announced a strategic partnership with Karandaaz Pakistan to expand responsible finance by enhancing delivery of digital financial services. The partnership will target women entrepreneurs engaged in micro and small-business activities.
FINCA Impact Finance recognizes intentional action is needed to close the global gender gap. On International Women’s Day, FINCA Kosovo launched its new business loan for women.
Fintech innovation can help close the gender gap—but intentional, targeted action is necessary to ensure new technologies are used in the right ways—and for the right reasons.
The Women20 for the G20 report provides recommendations for closing the economic gender gap in the Asia-Pacific region.
Is FinTech the key to closing the gender gap? Panel discussion moderated by Andrée Simon, CEO of FINCA Microfinance Holding Company, followed by networking session.
FINCA is pleased to announce the promotion of Andrée Simon to Co-CEO of FINCA Microfinance Holding Company. Ms. Simon will lead strategy, operations, and the implementation of a host of digital and mobile enhancements that represent the next generation of essential financial services for people in developing economies.