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Rural women and financial inclusion

Rural women and financial inclusion
Author: Maftei, A.
Publisher: Food & Agriculture Org.
Total Pages: 72
Release: 2024-03-25
Genre: Education
ISBN: 9251385734

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Improving the gender-responsiveness of design and delivery of rural finance interventions through innovative approaches and mechanisms is important for promoting rural women’s economic empowerment. This document highlights practical and actionable approaches from the sector in order to guide the work of practitioners engaging at country level to pursue the above objective. Part I of this Technical Guidance Note provides an overview of the main barriers and constraints that inhibit rural women’s financial inclusion. Part II offers a step-by-step approach to analysing the state of gender equality within a specific country or context, with the purpose of diagnosing potential entry points for interventions that aim to increase rural women’s financial inclusion. It then offers a summary of best practices for addressing the main barriers to rural women’s access to and use of financial services, and offers various case studies to illustrate these best practices in action. The annex contains additional guidance and tools for conducting gender-focused diagnostic assessments and analysis.


The Global Findex Database 2017

The Global Findex Database 2017
Author: Asli Demirguc-Kunt
Publisher: World Bank Publications
Total Pages: 148
Release: 2018-04-19
Genre: Business & Economics
ISBN: 1464812683

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In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.


Financial Inclusion and Gender Barriers for Rural Women

Financial Inclusion and Gender Barriers for Rural Women
Author: Arpita Manta
Publisher:
Total Pages: 12
Release: 2020
Genre:
ISBN:

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This paper tries to examine the gendered nature of barriers faced by rural women which intersects financial inclusion worldwide. Although financial inclusion for rural women has been linked with poverty eradication and economic empowerment, the delivery of financial products and services to rural women has been at a disadvantageous position. Some of the barriers women experience in accessing financial resources are embedded in the patriarchal bias of the society.Gender related barriers are those barriers that are specific to women which arise due to discrimination and societal norms. Gender related barriers that inhibit women's ability to access to financial services and block women empowerment should be considered carefully while preparing these programs. A feminist analysis was done to understand the causes of gender related barriers and measures adopted worldwide to devise innovative strategies.Gender-transformative approaches to financial inclusion go beyond focussing on access to financial services to challenging the existing gender inequalities that impede women's financial inclusion and economic empowerment.


Deconstructing the gender gap in rural financial inclusion

Deconstructing the gender gap in rural financial inclusion
Author: Food and Agriculture Organization of the United Nations
Publisher: Food & Agriculture Org.
Total Pages: 78
Release: 2020-08-01
Genre: Social Science
ISBN: 9251331472

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In recent years, along with the growing recognition of the rural gender gap in financial access as a key constraint to rural development, research has focused increasingly more towards analysing in depth the financial habits and patterns followed by women in rural areas, in order to produce observations and insights that could foster a more gender-sensitive policy approach towards financial inclusion. In line with this trend, this paper sets to explore the financial habits and constraints of rural women in two Sub-Saharan African countries (Mozambique, Tanzania), both at country and village level, with the objective of answering how, and why, they differ from those of their male counterparts. Building on the results achieved through this analysis, as well as on the general literature available on the topic, this paper aims to develop a range of general recommendations that can assist both local policymakers and other public stakeholders, as well as formal financial service providers, in shaping their approach towards a more gender-sensitive provision of rural financial services.


Voices to Choices

Voices to Choices
Author: Jennifer L. Solotaroff
Publisher: World Bank Publications
Total Pages: 285
Release: 2019-06-06
Genre: Business & Economics
ISBN: 1464813744

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Women have experienced significant changes in various spheres of their lives during the last decades as Bangladesh made economic progress. Yet women’s economic engagement and empowerment are subdued, as they cannot make sufficient choices for themselves. This book provides a comprehensive analysis of the economic developments in gender equality in Bangladesh. Through examining women’s participation in the labour force, ownership and control of household assets, use and control of financial assets, and opportunities for entrepreneurship, the authors have made concrete recommendations to overcome challenges that lie ahead for women’s economic empowerment. This book is an important contribution to the knowledge on interventions required by the policy makers and broader stakeholders towards narrowing gender gaps. --Fahmida Khatun, PhD, Executive Director, Centre for Policy Dialogue (CPD), Bangladesh The women’s story is central to Bangladesh’s economic and social transformation. There is an urgent need to deepen researched understanding of the multidimensional pathways of women’s economic empowerment and extent of real progress made. Voices to Choices is an important contribution to this story. Surely, the journey of women’s economic empowerment remains a long and challenging one. Realizing the full benefits of new opportunities is often hampered by both new and entrenched insecurities. The task is as much one of empowering women’s agency as of dismantling barriers. The responsibility is as much women’s as society’s. --Hossain Zillur Rahman, PhD, Executive Chairman, Power and Participation Research Centre (PPRC) This book provides critical insights and is timely, as it outlines how girls and women in Bangladesh have gained more opportunities in labor force participation, control over household and financial assets, as well as greater prospects for entrepreneurship. The findings will greatly contribute to future policy and planning for government and key stakeholders working to advance women’s economic empowerment in the country. --Sabina Faiz Rashid, PhD, Dean and Professor, BRAC James P. Grant School of Public Health BRAC University


Finding Linkages Between Financial Literacy and Financial Inclusion Among Rural Women in Kerala

Finding Linkages Between Financial Literacy and Financial Inclusion Among Rural Women in Kerala
Author: Asha E. Thomas
Publisher:
Total Pages: 0
Release: 2022
Genre:
ISBN:

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This study intends to clarify the relation between Financial Literacy and Financial Inclusion among marginalized community. Financial Literacy in this research is a latent variable, which is measured using Financial Knowledge, financial Behaviour and Financial Attitude. Participants of this study were 329 women from villages in the state of Kerala. Main results showed that financial literacy has a positive impact on financial inclusion among the selected population. The method used in the study is exploratory as it utilizes scoring of the variables. The collected data contains both the qualitative and quantitative data. Accordingly, the study uses both qualitative and quantitative techniques for the analysis of data. The statistical analysis comprised of two stages. The first stage examined the descriptive statistics of the measurement items and assessed the reliability and validity of the measure applied in this study. The second stage tested the proposed research model using Structural Equation Modeling technique and this involves assessing the contributions and significance of the manifest variables path coefficients.


Financial services for women

Financial services for women
Author: Food and Agriculture Organization of the United Nations
Publisher: Food & Agriculture Org.
Total Pages: 92
Release: 2020-10-20
Genre: Business & Economics
ISBN: 9251333254

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The purpose of this study was to analyse the position of women in the maize and bean value chains in Rwanda, as well as the current and potential role of financial service providers (FSPs) in strengthening the positioning of women in these chains. The study used the women’s economic empowerment framework for the conceptual analysis, while similarly looking at overall financial inclusion indicators. This was all done within the context of a value chain analysis. The value chain concept provided a framework for analysis and explained the different functions in the value chains for bean and for maize, including the roles of men and women. The analysis showed how the available financial services not only reached women but also benefited and empowered them. A desk study, which accompanied the fieldwork and value chain analysis, showed that the enabling environment in Rwanda is very conducive to the promotion of women in agriculture. Government policies support the economic inclusion of women, and clear implementation strategies have been defined. However, women still experience challenges and constraints in terms of access to land and farm inputs, equipment, training, finance and market channels. Strong time constraints also exist due to double burden, as well as limited power in negotiations on decisions between members of their households (known as ‘intra-household bargaining power’). In this case the decisions are on use of resources and income. Furthermore, women still have less access to larger loans for inputs, trading and aggregation.


Cash transfers and women's economic inclusion

Cash transfers and women's economic inclusion
Author: Viberti, F., Daidone, S., Pace, N., Sitko, N.
Publisher: Food & Agriculture Org.
Total Pages: 65
Release: 2021-11-08
Genre: Business & Economics
ISBN: 9251352690

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This paper investigates whether an increase in exogenous income through the Child Grants model of the Social Cash Transfer programme in Zambia fosters economic inclusion among rural women. We conceptualize economic inclusion as a transformative process comprised of four pillars: productive capacity, financial inclusion, social power, and psychological assets. Using experimental data, we find strong evidence of direct impacts of the Child Grant on the productive capacity, financial inclusion, and psychological assets of rural women. In addition to these direct impacts, we implement a mediation analysis to explore the potential mediating role of psychological assets in affecting the other pillars of economic inclusion. Through this approach, we find indicative evidence of indirect and mutually reinforcing relationships between changes in psychological assets brought about through the Child Grant and improvements in the productive capacity and financial inclusion of beneficiaries. Such results suggest that cash transfers might be effective in promoting women’s economic inclusion, both through the direct monetary effect and through the mediated effect of psychological assets.


The Role of Microfinance in Women's Empowerment

The Role of Microfinance in Women's Empowerment
Author: Raji Ajwani-Ramchandani
Publisher: Emerald Group Publishing
Total Pages: 336
Release: 2017-10-17
Genre: Business & Economics
ISBN: 1787144259

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Delving into the effects of microfinance in both rural and urban communities, this book will be of interest to researchers of women studies, microfinance, and development economics.


Financial Inclusion, Self-help Groups (SHGs) and Women Empowerment

Financial Inclusion, Self-help Groups (SHGs) and Women Empowerment
Author: Kartick Das
Publisher:
Total Pages: 0
Release: 2013
Genre: Self-help groups
ISBN: 9788177083392

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Women's lack of economic empowerment not only impedes growth and poverty reduction, but also negatively impacts education and health outcomes for children. Thus, it is extremely important to ensure that women are economically empowered. Financial inclusion may be defined as the process of ensuring access to financial services and timely and adequate credit - where needed by vulnerable groups, such as women - at an affordable cost. India's Self-help Group (SHG)-Bank Linkage Program was launched in 1992 as a flagship program by the country's National Bank for Agriculture and Rural Development. The objective is to meet the financial needs of the poor by linking SHGs with the formal credit agencies. Financial inclusion of India's women can be best ensured through SHGs. This collection contains papers that provide valuable insights into the importance and functioning of SHGs to ensure financial inclusion and hence economic empowerment of women in India.