Nov 6 2019

Micro finance, micro finance.

#Micro #finance


Reaching and Empowering Women:

Linda Mayoux, IFAD 2009

Women are Useful to Microfinance – how can we make microfinance useful to women?

Financial services for Gender Justice: WEMAN Advocacy Report

L Mayoux and G Gobazie 2012 (forthcoming)

Join us for discussion at:


On this page

Gender Justice case

pages on wemanresources website

SPM and consumer protection

key resources

Linda Mayoux 2008

Gender background paper for MCS Nairobi

IFAD Guide for Practitioners

Cheston and Kuhn 2002

Bauchet et al, 2011 CGAP

Other links

TIP: Use two separate searches: micro-finance and gender and micro-finance and empowerment to get different sets of link

website for Oxfam Novib’s WEMAN programme

Micro finance

This Section of WEMANResources has been developed with support from Hivos.

It updates materials from genfinance website and other initiatives supported since 1997 byOxfam Novib, Aga Khan Foundation Canada, Levis Strauss Foundation, Open University UK, Action Aid, Icco, One World Action, DFID, UNIFEM, ILO, Care-India, Cameroon Gatsby Trust, CODEC Bangladesh, SHDF Zimbabwe, ANANDI India, PASED_LEAP Sudan, KRC Uganda.

Micro finance

WEMAN partners are advocating for a Gender Justice Protocol for financial services to promote:

an inclusive financial sector where gender justice is mainstreamed in all financial institutions from banks through to community managed funds and these institutions work together to promote gender justice and support empowerment of clients.

This includes development of:

Why gender mainstreaming? gender justice case

Financial services have proven potential to initiate a series of virtuous spirals of economic empowerment, increased well-being for women and their families and wider social and political empowerment. Financial services can enable men to provide for their families and work with women on an equal basis for household welath creation. Although no magic bullet , theycan be a significant contribution to equitable development and civil society strengthening.

BUT actual contribution to empowerment is often limited:

Why gender mainstreaming? business case

FSPs have a choice – there are many strategies which can be both profitable and promote gender justice,and bringing about changes which benefit men as well as women:

  • Women are a very large underserved potential market. Women not a minority but a marginalised majority in most countries
  • Women have proved to be better savers and also loan repayers than men in many contexts.
  • Empowered women are able to use and pay for more profitable products
  • Failure to challenge destructive aspects of ‘masculine’ behaviour and support men’s responsibility for household wellbeing entails serious risks for FSPs.
  • Gender diversity on boards of companies leads to better management decisions
  • Promotion of empowerment and wealth creation of clients (women as well as men) is good for brand image, particularly in the current environment of mistrust and scepticism about the financial sector

BUT gender issues, and specifically women’s empowerment, continue to be marginalised in design of services in most FSPs. Gender-blind short-term strategies promoted for commercial profitability further marginalise women, exacerbate negative impacts of debt and undermine contribution to wealth creation and development.

WEMAN Gender Justice Protocol

WEMAN is therefore advocating for a Gender Justice Protocol to promote:

WEMAN partners are active members of the MicroCredit Summit campaign and other micro-finance networks.

Written by CREDIT

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