Did you know that women comprise 56% of the 1.7 billion adults globally without access to formal financial services? The gender inequality is more pronounced in Sub-Saharan Africa, where 30% of women have an account versus 39% of men. Low incomes, illiteracy and innumeracy, geographical isolation, and limited mobility all restrict women’s access to financial services.
The BOMA Project and The Panzi Foundation work with marginalized groups facing exclusion due to their geographical and/or social isolation. At SG2018: The Power of Savings Groups, hosted in Kigali this May, the two teams discussed with peers how they promote last-mile inclusion for marginalized women in Kenya and the Democratic Republic of Congo (DRC). Read more about our work and findings on the SEEP Network platform in a blog post co-authored with the International Center for Research on Women (ICRW).
Photo: Jane Klonsky (c) The BOMA Project