WOMENS WORLD BANKING INC
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Mission Statement
To expand the economic assets, participation, and power of low-income women and their households by helping them access financial services, knowledge, and markets.
About This Cause
Women’s World Banking, Inc. is a 501c3 non-profit organization registered in New York that designs market-driven solutions, invests in financial institutions, and helps to shape policy environments in emerging market to create greater economic stability and prosperity for women, their families, and their communities. The direct beneficiaries of our work include low-income women customers of financial service providers in developing countries. The main levers that we move in order to drive greater financial inclusion for women include: 1. Research. We conduct qualitative and quantitative research on low-income women’s financial needs and behaviors to demonstrate the impact of financial inclusion on women’s economic empowerment and build an evidence base with which we can advocate for women’s financial inclusion. 2. Women-Centered Financial Services. We work on the ground with financial service providers to demonstrate the benefit of investing in women as customers, and as leaders. Our global network of 62 members, in 35 countries, collectively serves more than 139 million women. With these partners, we design and implement market-driven financial solutions and services for women. 3. Inclusive Policy. We work with policymakers and regulators in developing countries to create policies that support women’s financial inclusion, increase gender diversity, and build women’s leadership. 4. Gender-Lens Investments. We put our money where our mission is and make investments in institutions with an explicit focus on women. Women's World Banking Capital Partners Fund is the only financial services and social impact fund with an explicit focus on gender. As a shareholder, we influence an institution’s focus on both female clients and leaders with remarkable results. Women’s World Banking was founded in 1976 by a women leaders from a diversity of cultures founded. The Founding Committee included: • Michaela Walsh, the first woman manager of Merrill Lynch International, who became the organization’s first president; • Ela Bhatt, founder and president of India’s Self Employed Women’s Association (SEWA), the world’s first and largest trade union for undocumented women workers; and • Esther Ocloo, one of Ghana's leading entrepreneurs and a prominent advocate of the role of women in economic development, who served as the first chairperson of Women’s World Banking’s Board of Directors. According to Bhatt, the goal was “To reach women who have been bypassed by the traditional banking system and to bring them into the economic mainstream.” Today, Women's World Banking is a global organization with more than 75 employees and offices in the US (New York), Singapore, Indonesia, and India, as well as regional staff in Sub-Saharan Africa and Mexico. The organization’s co-actors are its global network of cross-sector partners including retail banks, mobile network operators, fintech companies, governments, multinational corporations and funders which today includes 60 organizations in 35 countries, with a reach of 85 million women. These network members serve as implementing, catalyzing, and strategic partners that help us achieve our mission.