Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
There's Nothing Micro about a Billion Women: Making Finance Work for Women

There's Nothing Micro about a Billion Women: Making Finance Work for Women

Iskenderian, Mary Ellen

Hardcover

Business GeneralEconomicsWomen's Studies

Currently unavailable to order

ISBN10: 026204644X
ISBN13: 9780262046442
Publisher: Mit Pr
Published: Apr 19 2022
Pages: 232
Weight: 1.05
Height: 1.00 Width: 6.20 Depth: 9.00
Language: English
Why it takes more than microloans to empower women and promote sustainable, inclusive economic growth.

Nearly one billion women have been completely excluded from the formal financial system. Without even a bank account in their own names, they lack the basic services that most of us take for granted--secure ways to save money, pay bills, and get credit. Exclusion from the formal financial system means they are economic outsiders, unable to benefit from, or contribute to, economic growth. Microfinance has been hailed as an economic lifeline for women in developing countries--but, as Mary Ellen Iskenderian shows in this book, it takes more than microloans to empower women and promote sustainable, inclusive economic growth.

Iskenderian, who leads a nonprofit that works to give women access to the financial system, argues that the banking industry should view these one billion unbanked women not as charity cases but as a business opportunity: a lucrative new market of small business owners, heads of households, and purchasers of financial products and services. Iskenderian shows how financial inclusion can be transformative for the lives of women in developing countries, describing, among other things, the informal moneylenders and savings clubs that women have relied on, the need for both financial and digital literacy (and access) as mobile phones become a means of banking, and the importance of women's property rights. She goes on to make the business case for financial inclusion, exploring the ways that financial institutions are adapting to help women build wealth, access capital, and manage risks. Banks can do the right thing--and make money while doing so--and all of us can benefit.

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