Ladies’s World Banking in 2013: From Entry to Inclusion

As Ladies’s World Banking expands its attain globally, one fixed stays: girls place nice worth on—certainly they aspire to—having a secure place to save lots of, a mortgage in their very own identify and insurance coverage as monetary safety in a well being emergency. As one girl in Malawi so eloquently instructed us once we requested her how she would really feel about having a financial savings account, “That will make us really feel very proud and our lives could be very glad each day.”

In 2013, the ultimate 12 months of our three-year Strategic Plan, we introduced this sense of delight to extra girls everywhere in the world. Within the final three years we’ve accomplished 27 analysis research on the lives of low-income girls; reached 1.2 million purchasers in 24 monetary establishments with new merchandise; and educated greater than 200 leaders of monetary establishments. We’re happy as an example the affect behind these numbers all through the pages of this report.

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2013 introduced new alternatives to broaden our work on an unprecedented scale in Africa the place increasingly more business banks are recognizing what Ladies’s World Banking has all the time identified—the large market alternative in serving low-income girls. We developed a financial savings product with Diamond Financial institution, one of many largest business banks in Nigeria and commenced new relationships with business banks in Malawi and Tanzania.

Persevering with this theme of progress, we introduced a number of progressive merchandise to international scale in 2013. Ladies’s World Banking has lengthy believed within the potential of microinsurance to offer a worthwhile enterprise alternative for monetary establishments in addition to a important security internet for low-income households in disaster. Our profitable Caregiver microinsurance product, first launched in Jordan, is increasing to Peru, Uganda, Morocco, and Mexico. Equally, youth financial savings, first launched in Mongolia and the Dominican Republic, has now expanded to India, Nigeria and Ethiopia, offering women and boys with an introduction to monetary training and to the facility of a financial savings account.

After all these merchandise can’t be sustainable with out two important substances, each areas the place Ladies’s World Banking confirmed progress in 2013: monetary training so girls can perceive the merchandise they’re utilizing and powerful management within the monetary establishment to drive innovation to serve the ladies’s market.

We’re pleased with the constructive affect of our work in 2013. However we consider that girl in Malawi each day—each girl deserves the monetary services that may deliver her safety, prosperity and dignity. Within the subsequent 5 years, we’ll present 5 million extra purchasers with these priceless monetary instruments. Please be a part of us on this journey.