A global community to advance women’s financial inclusion
Globally, 2 billion people remain unbanked and women lag behind men in terms of access to formal accounts, credit and savings products. FinEquity, a global community to advance women's financial inclusion, is convened by CGAP. It provides facilitated platforms to share experiences, identify key challenges, document and discuss emerging good practices, and solve common problems associated with increasing equitable access to and use of a broad range of financial services.
Our members include researchers, practitioners, policy makers, and donors around the world working on financial inclusion in promoting economic empowerment for women.
FinEquity's steering committee consists of a core group of “champions” who guide our goals and strategy, outlined in our charter. Champions also help to implement an overarching work plan. Working Groups convene by theme and determine how to address knowledge gaps, as well as enhance collaboration among members in assigned themes.
Read this primer to get answers to frequently asked questions, and learn more about all the different ways that you can engage with us. We look forward to your participation!
Sarah Willis is a Director at MetLife Foundation managing a global portfolio of digital financial services initiatives. As the lead for the Foundation’s outcome measurement efforts, she advocates for gender disaggregated data across the portfolio, as well as for applying a gender lens to data analysis, product design and delivery, and messaging.
This Spring meeting of FinEquity in Istanbul on May 29 featured a panel on women's entrepreneurship in Turkey, member shares from around the world, and working group discussions.
Research can open doors for more gender equatable futures. On May 2, FinEquity members learned practical ways to include gender in financial inclusion research using Oxfam's new guidelines on "Integrating Gender in Research Planning".
How do we understand and address digital literacy issues to ensure we are not excacerbating the gender gap in financial inclusion? On April 11, FinEquity's technology working group hosted Wave Money and My Oral village for a webinar on their experiences promoting women's digital literacy.
In Tanzania, REPOA undertook an RCT with 1350 women, to study women's uptake of Digital Financial Services beyond basic and smart phone ownership. This significant research offered several findings around the factors that influence usage of DFS, including the role of education, and the enormous impact of mobile churn. Speaker - Philip Roessler, Director of the Center for African Development at William and Mary
CGAP, recently released the 2018 FII data for Ivory Coast. The new data show that the most financially excluded segment is uneducated rural women, 91 percent of whom are financially excluded.