Watch this video on Women's World Banking - Investing in Women
Studies have shown that when women in underdeveloped countries can access income they will spend it on educating their children, providing healthcare for their family, and starting small businesses. When women have access to financial services they are also empowered beyond the tangible benefits. It expands their confidence, skill sets, knowledge and networking ability to make a better life for their family and their community. In fact, women are more reliable borrowers because they often follow a more conservative investment strategy, which in turn, results in lower default rates.
With that in mind, how can we expect to eradicate poverty on a grand scale if half of the population is excluded from the economy?
Enter Women's World Banking.
Women’s World Banking is committed to providing access to financial services for both financial and personal empowerment outcomes. They work with institutions to create products that have the greatest financial and social impact possible by creating products that work for women. They design product offerings in a way that takes into account women’s needs so they are tremendously successful when it comes to empowering women in the economic sector. They understand the powerful effect of women in the economic development of underdeveloped countries, how securing a financial future for women can alleviates domestic violence and poverty at the most basic level.
To learn more about Women's World Banking, and the impact of empowering women through micro-lending, check out this blog post at Kiva.org!