More than 50 percent of the 2 billion people who don’t have access to basic financial services are women.
Despite having multiple roles in society– as consumers, business owners and employees, mothers and caretakers – there is a large gap of economic equality between men and women. In fact, a woman’s chances of receiving credit are markedly lower than a man’s.
A recent report by the Omidyar Network and Bankable Frontier Associates examined the social, economic and cultural reasons of why women in emerging economies have difficulty in achieving financial inclusion.