Joanna Ledgerwood

Senior Financial Sector Specialist

Joanna Ledgerwood joined CGAP in 2020 as part of CGAP’s gender team focusing on social norms affecting women’s financial inclusion and gender transformative solutions. Joanna has extensive experience in financial inclusion, market systems development, women’s economic empowerment, informal finance, policy and regulatory reform, and monitoring and results management. She has consulted for numerous development organizations including the Bill & Melinda Gates Foundation, Access to Finance Rwanda, the SEEP Network, FSD Uganda, the Mastercard Foundation, the CDC Group, FSD Zambia, and CARE, among others.

Most recently, Joanna served as the founding director of Financial Sector Deepening (FSD) Zambia from 2013 to 2016. Prior to this, she was head of Access to Finance for the Aga Khan Foundation based in Geneva responsible for programs in Africa, the Middle East, and Central/South Asia. From 2001-2005, she was deputy director on a MFI transformation and agriculture finance project in Uganda and from 1999 to 2001 on an SME finance and rural bank project in the Philippines. Prior to that she was a commercial banker in Canada.

Joanna has written numerous papers and books including the Microfinance Handbook (1998), Transforming MFIs (2003), and The New Microfinance Handbook (2013), which provides a detailed guide to making financial markets work for the poor. She is a director on boards and various advisory committees in the United States, Australia, Rwanda and Zambia.

By Joanna Ledgerwood


The Pandemic Wake-Up Call: Gender Norms Matter in Financial Inclusion

COVID-19 is the latest reminder that the norms constraining women’s economic participation need to be addressed in global development efforts, including in financial inclusion.

Addressing Gender Norms to Increase Financial Inclusion: Designing for Impact

To advance women’s financial inclusion and economic empowerment, funders and market facilitators need to acknowledge gender norms and understand how they limit women’s ability to access, use, and benefit from financial services.

Savings Groups

More than 5 million poor people around the world are members of Savings Groups that provide essential services to help manage their daily lives.

Regulation and Supervision of Microfinance

This Donor Brief provides a simple and clear summary of the increasingly complex issues in microfinance regulation and supervision. It includes definitions of key terms, clear guidelines, and options for donor action.