Transcript Texto de la intervención

Investing in Women and Girls:
Next Steps In Microfinance
March 6th, 2008
Microfinance Industry Context – Rapid
Growth
Total Clients Reached: 1997 – 2005: Microcredit Summit
120
113m
CAGR 97- 05 = 34%
82m
80
40
0
1997
1999
Total clients
2001
2003
Poorest clients
(Living below US$1 a day.)
Source: Microcredit Summit: Campaign Report 2006.
Copyright © 2008 Women’s World Banking
2005
2
Statistics include
institutions that
identify themselves
as part of the
microfinance sector;
does not reflect a
holistic view of all
institutions providing
financial services to
the poor.
Microfinance Industry Context – Reaching
Women
There is an institution that grants me
loans and I only obtain loans from that
institution
100%
16.5%
50%
83.5%
Men
Microfinance has
effectively targeted
I choose among various institutions
women
I take a loan from anyone who
will grantwhich
me one
depending
one gives me the best
Women
options at the time
0%
Source: Microcredit Summit: Campaign Report 2005.
Copyright © 2008 Women’s World Banking
I have a favorite institution that grants
me loans but I also obtain loans from
other institutions
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Why target women?
 Seen as a more ‘efficient’ way to end poverty.
 Seen as ‘necessary’ to end poverty
 Women poorer than men
 Gender equity argument
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Microfinance Industry Context – Key
Challenges
Access Gap
Breadth & Quality of
Services
Impact
Copyright © 2008 Women’s World Banking
Estimated 82% supply – demand gap in
microfinance sector 85% of low income
clients are being served by 2% of MFIs
Many poor do not have access to a range of
quality financial services that are tailored to
their needs.
Limited consensus on how to measure
impact in a practical way & results are
inconclusive
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Microfinance Industry Context: Improving
Impact
 Most MFIs are creditcentric
 However, low income
women need a much
broader range of financial
services to meet their
needs
Lifecycle Needs for Financial Services
Starts A Business
(C)
(C, S)
Death
 Save for life events &
emergencies
Health
(C, S, I)
Birth
(C, S, I)
Old Age
(I, S)
Education
 Protect against risks
 Support their families:
health, education
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Housing
(C, S, I)
(I, S)
 Key priorities for low
income women
 Build assets (e.g.
home)
Marriage
Marriage Of Children
(C, S, I)
(C, S)
C = Credit; S = Savings; I = Insurance
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Education: Commitment savings products
6
Festivals:
Tabaski
School
Opens
Ramadan
Xmas
5
4
3
2
1
Income
Expenditure
0
Jan
Feb
Mar
Apr
May
Jun
Jul
Dry Season
Sep
Rainy Season
Oct
Nov
Dec
Dry Season
Harvest/ Tourism
Tourism
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Aug
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Health: Micro-insurance manages risk
Health: Microinsurance can protect low income households from falling into
destitution
Economic Levels
Wealthy
Non-poor
Vulnerable non-poor
Poverty Line
Moderate poor
Extreme poor
Microinsurance Safety Net
Destitute
Loan Cycles
Source: Monique Cohen, Microfinance Opportunities. Adapted from a slide by Bill Grant (Ebony Consulting International )
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Housing: Ensuring asset ownership
Some MFIs have mandated that women be on the property title in order to
access a home improvement loan……
+
Titl
e
Dee
d
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=
Financial Literacy: Ensuring families make the
right decisions
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Thank You
Thank You
Presented by Women’s World Banking
at the United Nations
New York, March 6th 2008
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The % of women as staff and leaders in MF is
also declining.
at Different
Levels network
Example: % %ofWomen
women
in the WWB
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Board
Board
Senior Mgmt
Middle Mgmt
Total Staff
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Senior Mgmt
2002
71%
47%
51%
46%
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Middle Mgmt
2003
62%
51%
45%
47%
Total Staff
2004
61%
47%
45%
41%
To Understand the ‘Glass Ceiling’
Example: Al Amana’s 88,000 borrowers (2004)
Al Amana Segments
% of Clients
Monthly Net
Business Profit
Gender Composition
Men
Women
7%
84%
16%
93%
37%
63%
3,500 DH
3,500 DH
0 DH
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