FinEquity Blog

FinEquity's June 2021 Newsletter

 

JUNE  2021
MEMBER
NEWSLETTER

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JUNE UPDATES
Dear FinEquity Members, 
 
Last Summer, our Community embarked on a three-week e-discussion on Digital Financial Literacy (DFL), a dynamic interaction where dozens of you discussed its enablers and constraints. This month, we’re delighted to present the synthesis of this discussion, a community effort through and through. Our brief summarizes demand-side challenges, offers supply-side recommendations, and includes many of the critical resources that you shared over the discussion. 
 
We know there is much more important work happening in the DFL space and we would love to hear about it. Please let us know about your work on our DGroups platform. You, as members, are the backbone of this community and this synthesis is just one of many crucial resources that you have made possible.

Wishing everyone a healthy June. 

Katie and the FinEquity team. 

 
ENABLING WOMEN’S FINANCIAL INCLUSION THROUGH DIGITAL FINANCIAL LITERACY
FinEquity Brief - A Synthesis of FinEquity Members’ Insights

This brief is a FinEquity community effort and we hope it can help the financial inclusion community understand digital financial literacy and better address this component of the digital financial services gender gap. This synthesis is organized by enablers (literacy, numeracy, access, awareness, and design) and their associated challenges, and highlights the cross-cutting constraint (social norms).

This framework helps unpack the different dimensions of digital financial literacy and demonstrate why they should not be tackled in isolation as they are very much connected. The brief also includes four case studies of organizations addressing DFL in their work in countries such as Cambodia, Bangladesh, and Ghana.

For more information, please visit the FinEquity website

REMINDER
CONVERSATIONS WITH PROVIDERS
FinEquity will be featuring Financial Service Providers (FSP) that are using innovative ways to learn and respond to women's differentiated needs and preferences as a key to growing their market share and achieving business goals. 

BBVA Microfinance Foundation and partners in Latin America

Join us for the first conversation to hear from BBVA Microfinance Foundation about how its partners in Colombia, Peru, Panama, and the Dominican Republic have segmented and analyzed the specific needs and preferences of the more than 1.5 million women entrepreneurs they serve in the Latin American and Caribbean region by offering tailor-made products and increasing the value proposition of the products available. 

The event is scheduled for June 10, 2021, at 10:00 - 10:45 am EDT and is set to last approximately 45 minutes. Please visit our website to register!
 
WEBINAR REMINDER
APPLYING A GENDER LENS TO PAYGO SOLAR
Pay-as-you-go (PAYGo) solar financing has electrified the homes of more than 100 million people and transformed many households that aren’t connected to the electrical grid. CGAP’s theory of change suggests that PAYGo solar can be an inclusive business model which improves access to energy and finance in ways that can likely benefit women. 

In this webinar, providers and experts from CGAP, GOGLA, ENGIE, Solar Sister, Strategic Impact Advisors, and J-PAL will discuss existing knowledge gaps, implications for future research, as well as the design and delivery of PAYGo solar.

Join us on June 15, 2021, at 9:00 am EDT.

Visit our website to register. 

DGROUPS CALL
WHAT DOES GOOD DESIGN IN DFS LOOK LIKE?
The last decade of DFS has demonstrated how complex and nuanced women’s wants and needs are when it comes to their financial lives. While we have seen enormous growth, there has only been one mPesa; this success has not been easily replicated in other contexts. Despite a growing understanding of the many factors that influence a women’s access and usage of DFS, there often remains a tendency to copy and paste existing products and services, rather than design for a specific audience. 

Digitally Enabled Financial Inclusion's (DEFI) second sub-theme is centered on design. A crucial component of any DFS deployment, good design understands and responds to the challenges in women’s lives. 

We want to feature your work in FinEquity’s next publication!

Where have you seen good design play out in your work with women and DFS? We are looking to build a series of case studies that highlight different ways that design has been employed across the customer journey. If you would like your work to be considered in the series, please share your contributions via email at [email protected] or visit our DGroups platform before Friday, June 18, 2021.
FROM OUR COMMUNITY
5 Reasons for More Rigorous Qualitative Work on the Intersection of WEE and DFS

By Jenna Grzeslo, BRAC USA

In September 2020, the WEE-DiFine initiative was launched with the publication of the Initiative’s white paper, which aimed to identify gaps in the study of the causal mechanisms between access to digital financial services (DFS) and women’s economic empowerment (WEE). 

While there is a clear and immediate need for more rigorous evaluations on the impact of DFS and WEE, this post presents five reasons — and five ways — to utilize qualitative work to explore this subject area.

Visit the website to read the blog
UPCOMING EVENTS AND OPPORTUNITIES
Job opportunity at the Bill & Melinda Gates Foundation

Reporting to the Director of the Financial Services for the Poor (FSP) program, the Deputy Director Gender, Usage, Distribution, and Private Sector Engagement will combine a passion for gender equality and financial inclusion with expertise in digital financial services and product design to help bring useful financial products to the world’s poor, and to women in particular, at scale. Please visit the website for more details. 

Job opportunity at Value for Women

Value for Women is excited to announce that they are currently looking for a Gender & Research Specialist to join their team! If you know someone who could be a good fit, please share the job announcement for the full description of the role and other details about the application process. The deadline to apply is June 15, 2021.

Webinar - Leveraging Digital Platforms for Deepening Women's Financial Inclusion

Women’s World Banking and FinEquity invite you to a conversation on the potential for digital platforms and payments to serve as an opportunity to increase financial inclusion. Join us as we discuss the ways in which digital literacy, e-commerce, social commerce, and digital marketing might serve as on-ramps to financial inclusion for women-owned and women-led MSMEs. With an eye to this market opportunity, attendees will see new ways for women to actively participate in the digital future of finance. Register here.
 
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Empowering women through financial inclusion
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