Accion Announces New Program to Help Close Financing Gap for Women

Global nonprofit Accion launches a new program aimed at connecting women entrepreneurs in emerging markets that are left out or poorly served by the financial system, with services tailored to their unique needs. Accion will partner with Sajida in Bangladesh, Fidelity Bank in Ghana, SEWA (Self-Employed Women’s Association) in India, and Techreo in Mexico in their efforts to reduce gender inequalities and barriers for women accessing financial services.

According to the World Bank, globally, women entrepreneurs face a financing need of $1.7 trillion. Many financial service providers lack sustainable strategies to serve women customers, and existing products often do not meet their specific needs. This new program aims to create new solutions that can be replicated by other financial service providers, helping to advance women’s financial inclusion globally.