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Wednesday, October 19, 2016

Microfinance Gateway Bulletin - 19 Oct 2016

CGAP MICROFINANCE GATEWAY BULLETIN
Your global resource on financial inclusion | 19 Oct 2016
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2015 CGAP Photo Contest_ Photo by Kirk Mason
What Lies Behind the Persistent Financial Inclusion Gender Gap?
Despite increasing worldwide financial inclusion rates and a "massive drop" of 20% in the number of unbanked individuals from 2011 to 2014, Global Findex data shows that in developing countries, 9% more men than women have bank accounts - a figure that has remained steady even as financial inclusion rates go up.
A recent study by FinMark Trust on financial inclusion of women in Southern Africa reveals similar results. In 9 out of 10 countries in the region, women are more financially excluded than men, with an average gender gap in bank account ownership of 7%.
 
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