CGD in the News

How mobile banking has helped women entrepreneurs plan better (IPP Media)

November 16, 2018

By Henry Mwangonde

From the article:

The study commissioned by the Washington DC-based think-tank Center for Global Development, which covered Tanzania and Indonesia, made comparisons with past days when the women entrepreneurs’ earnings tended to end up in family expenditures, leading to the collapse of their ventures.

It pointed to a large and unexplored demand for mobile saving platforms which play a great role especially for women.

“The emergence of digital channels is seen as the best alternative for closing the gender gap in accessing financial services,” said Mayra Buvinic, a senior fellow at the Center who conducted the research in Tanzania.

It is estimated that over one billion women across the world lack access to financial services due to economic and social barriers, time and mobility constraints, and discrimination.

Read the full article here