FinEquity Webinar

Driving Systemic Change to Close the Financing Gap for Women Entrepreneurs

FinEquity and Women Entrepreneurs Finance Initiative (We-Fi)
Woman standing in her shop.
Watch the recording and view the presentation shared during the joint webinar.

Research underscores the immense economic opportunities that would arise if women were empowered to establish and expand businesses at the same rate as men. Estimates suggest that eliminating barriers could unlock a staggering $5-6 trillion in potential value addition globally.

In October 2023, the Women Entrepreneurs Finance Initiative (We-Fi) launched the WE Finance Code (or simply, the Code), a global framework designed to drive commitment, leadership, and innovation to close the gender financing gaps and enable women to succeed as entrepreneurs; and CGAP conducted research on the role of supply-side gender disaggregate data in advancing financial inclusion and the Code. However, while initiatives like this mark crucial steps towards equality in entrepreneurship, systemic change is needed for true progress.

Closing the women-led micro, small, and medium enterprises (WMSMEs) financing gap requires a data-driven approach. Sex-disaggregated data is needed to understand what is holding back women entrepreneurs’ access to finance and what actions are needed to address them. Yet, the challenges in collecting sex-disaggregated data are significant. 

This joint webinar between FinEquity and We-Fi, explored how collection and use of sex-disaggregated data can bridge the gender gap in access to finance for women entrepreneurs. The session introduced the WE Finance Code followed by practical insights from CGAP's experience on how leveraging sex-disaggregated data can foster an inclusive entrepreneurial ecosystem, with data obtained from the Women’s Financial Inclusion Dashboard of ConsumerCentrix. The session integrated perspectives from different country launches of the WE Finance Code with CGAP's experiences leveraging sex-disaggregated data for inclusive entrepreneurial ecosystems.

About this event


Online
Type
COP Webinar
Collection
COP Topics:
Gender Data & Analysis
Speakers
Headshot of Wendy Teleki

Wendy Teleki

Institution:
Women Entrepreneurs Finance Initiative (We-Fi)

Wendy Teleki is Head of the We-Fi Secretariat at the World Bank Group. Wendy is responsible for supporting the We-Fi Governing Committee in the allocation and supervision of We-Fi funding as well as communications, advocacy, and learning focused on strengthening opportunities for women entrepreneurs in collaboration with the GC, Implementing Partners and other stakeholders.  Ms. Teleki joined We-Fi in May 2019.  Prior to that, Ms. Teleki worked with the International Finance Corporation leading numerous activities and initiatives focused on small and medium enterprise development in emerging markets around the world.   This included several blended finance, investment and advisory programs, including IFC’s We-Fi program and the Global SME Finance Initiative.  Wendy has an MBA in Finance from the Wharton School of Business and an MA in International Economics from the Johns Hopkins School of Advanced International Studies.

Headshot of Tatiana Alonso

Tatiana Alonso

Institution:
CGAP

Tatiana Alonso is Senior Financial Sector Specialist at CGAP. Tatiana has over 15 years of experience in the fields of public policy and financial regulation, with a focus on assessing and developing policy frameworks that enable stable, efficient, and inclusive financial systems. A member of CGAPs Fostering Responsible Enabling Ecosystems Pillar, she currently leads work on gender disaggregated data and participates to CGAPS work on climate change, crisis response, and regulatory architecture.

A Senior Economist from Bank of Spain by profession, Tatiana worked as a Senior Financial Sector Specialist in the World Bank from 2018 to 2022, where she supported the IMF-WB joint FSAP program, the Bank’s representation in the Financial Stability Board (FSB) and, more broadly, the Bank’s global engagement advocating for EMDEs in financial policy matters. She also worked for over a decade in the private sector (BBVA, NERA).Tatiana holds a MSc degree in Economics and Finance from CEMFI, a Master’s Degree in Economics of Energy from Universidad Carlos III, and a B.A in Economics from Pompeu Fabra University.

Headshot of Inez Murray.

Inez Murray

Institution:
Financial Alliance for Women

Inez Murray is the CEO of Financial Alliance for Women (FAW). As CEO, Inez, who had previously served the Alliance as Vice Chair of the board, is responsible for setting the strategic direction, implementing the board’s vision, and overseeing the Alliance’s day-to-day operations. She is a globally recognized expert in women’s economic empowerment, speaking and publishing widely on that topic, and is also a seasoned executive with nearly 20 years’ experience running complex global projects, incubating new initiatives, and raising more than $20 million in funding from public and private sources. Inez came to the Financial Alliance for Women following a 17-year career with Women’s World Banking. As WWB’s Executive Vice President, Inez was responsible for all aspects of WWB’s technical assistance practice group. Her division served WWB’s global network of 39 financial institutions with research and development, marketing strategies, and roll out of innovative microfinance products while integrating financial education and mobile technology.

Headshot of Nisha Singh

Nisha Singh

Institution:
FinEquity

Nisha is FinEquity's Gender Transformative Solutions Technical Lead. She has over 17 years of experience promoting access to finance and financial market systems development, with a focus on women’s economic empowerment and inclusion. Nisha worked at The SEEP Network from 2008 and 2016 to promote inclusive market systems development by building partnerships across the 120+ SEEP member organizations and associated stakeholders.

Headshot of Esselina Macome

Esselina Macome

Institution:
FSDMoç

Esselina Macome is currently the Chief Executive Officer (CEO) for the Financial Sector Deepening Program in Mozambique (FSDMoç). She is also a Professor at Eduardo Mondlane University.  She was Executive Director and Member of the Board at the Central Bank of Mozambique (BM) from 2005 to 2015. During that period she worked with the payments systems field and was engaged in different initiatives in the area of financial inclusion, such as drafting the National Financial Inclusion Strategy, establishing a national payment system to assure interoperability within the banking system, writing of regulations concerning payments cards, mobile Money (trust account), and agent banking.  Her areas of interest include the use of ICT for development with a focus on gender and green issues.  She holds a PhD in Information Technology and a Masters in Analysis, Design and Management of Information System by LSE – University of London.