Women’s World Banking

Investing in women, transforming lives

Information

← back to informations
IN India
Web http://www.swwb.org/
Maturity

Concept

About the project Edit

A non-profit microfinance organization that works globally to economically empower poor women and their families

WWB designs financial products and services that fulfill women’s needs while demonstrating the sustainability and social impact of serving women, “proving the business case.” By providing innovative approaches that we can replicate and scale we can generate impact and prove that investing in women directly can be profitable. By investing in women, we produce a multiplier effect on the well-being of their households and communities.

WWB creates innovative financial products including credit, savings and insurance and works with partners to bring these products to scale. We do this through understanding the financial needs of women and then creating products to fit those needs. By designing tailored products and using marketing and delivery techniques not currently used in microfinance, we seek to give women not only access to financial services, but also control over their assets. WWB also provides institution-strengthening services to support microfinance institutions, including leadership development, gender diversity initiatives, and financial training and support.

CREDIT FOR WOMEN

Microfinance has improved the lives of millions of poor people throughout the developing world, first through credit and now increasingly through a full suite of financial services including savings, insurance and other financial products such as pension funds. However, for women living in rural areas, there still exists a gap in access to even the most basic financial services.

Read more http://www.swwb.org/expertise/credit-women.

SAVINGS
For the past 30 years microfinance has been a credit focused industry and few organizations were allowed by regulation to offer savings products. However, as more MFIs are becoming regulated institutions, there is an opportunity to help customers build financial stability in their lives by offering savings accounts. WWB research shows that the poor save, generally in small amounts, an estimated 10 to 15 percent of their monthly income. The need for formal savings options is crucial: without them the poor are forced to keep cash at home or in informal savings groups which are risky and money can be lost.

Read more http://www.swwb.org/expertise/savings

SOCIAL COMMUNICATIONS

Can a soap opera change the way people think about money? A new social communications approach shows tremendous promise in changing perceptions of women’s status. In the fall of 2011 WWB launched its newest initiative to encourage women of the Dominican Republic to become better money managers, to build savings and to create a more secure future for themselves and their families. The groundbreaking socially-minded soap opera, “Contracorriente,” produced by and in partnership with Puntos de Encuentro, explores the ways in which media can positively influence financial behavior.

Read more http://www.swwb.org/expertise/social-communications

YOUTH SAVINGS
Research suggests that by serving a girl at the vulnerable crossroads of adolescence, development programs can have the greatest impact not only on that girl, but can empower her to be a catalyst for change in her family and community. Girls face systemic disadvantages in health, education, nutrition and the burden of household tasks. Many poor girls are forced to marry at very young ages and are subject to sexual violence and physical exploitation.

Read more http://www.swwb.org/expertise/youth-savings

MICROINSURANCE

Much of the world’s poor – a majority of whom are women – remain without access to basic financial services including loans, savings accounts, and insurance products. We know from our experience working with microfinance institutions across the globe that healthcare exerts the most financial pressure on poor families given that they have little ability to absorb risk, and that medical emergencies can place a huge burden on households already struggling to stay afloat.

Read more http://www.swwb.org/expertise/microinsurance

INTEGRATED SERVICES

Read more about the Center for Microfinance Leadership http://www.swwb.org/expertise/center-microfinance-leadership.

In what ways is this project unique and creative? Edit

What is the social value of this project? Edit

Our Mission
The mission of the Women’s World Banking global network is to expand the economic assets, participation and power of low-income women and their households by helping them access financial services, knowledge and markets.

Our Vision
One day all women will be able to build a secure financial future for themselves and their households.

What is the potential of this project to expand and develop? Edit

What was the triggering factor of this project? Edit

Why Women and Microfinance

The initial motivation for microfinance roughly 30 years ago was, to a great extent, gender neutral. The pioneering microfinance institutions sought to provide credit to poor entrepreneurs who had no assets to pledge as collateral and, consequently, were denied access to capital by the formal banking sector.

It quickly emerged, however, that women entrepreneurs invested the profits from their businesses in ways that would have a longer-lasting, more profound impact on the lives of their families and communities. The woman entrepreneur as the gateway to household stability became a fundamental premise of the microfinance business model and the success of microfinance as a poverty alleviation tool.

What is the business model of this project? Edit

CORPORATE SUPPORT
Find out how your organization can work with WWB to make a difference. Contact us development@swwb.org about a range of corporate partnerships opportunities.

DONATE
Make a tax deductible donation today and change the lives of women and girls by donating https://www.swwb.org/get-involved/donation.


Project Community

1 fan and 0 members

Join the team

You find this project inspiring ?

 Discuss

Partners

This project has no known partners.