Despite overall progress in financial inclusion, the gender gap has remained stubbornly persistent at nine percentage points since 2011, according to Global Findex. The reasons are complex, often interwoven with greater social exclusion for women than men, and driven by social norms, which are not well understood or tackled by financial inclusion programming.
CGAP places a priority on the economic empowerment of women through financial inclusion. We are investigating what prevailing social norms constrain women’s uptake and usage of financial services, and how financial service providers and policymakers can work towards alleviating such constraints. We also look at how financial inclusion programs can incorporate gender-based insights.
As part of our gender work, CGAP also hosts FinEquity, a global community of practice consisting of 1,300 members, representing some 400 institutions from 70 countries. FinEquity provides facilitated platforms to share experiences, identify key challenges and discuss ways to solve problems in increasing access to and use of financial services by women. Its strategy is guided by member needs, and it currently has three working groups: Measurement and Data, Social Norms, and Technology. Learn More>>