FinEquity Annual Mtg image

FinEquity’s 2023 Annual Meeting explored the nexus linking financial inclusion, women’s empowerment, and climate change, with the purpose of understanding how financial services can help women adapt their livelihoods to erratic rainfall patterns and rising temperatures to mitigate climate risks. Among others, the speakers addressed digitally-enabled financial inclusion, stressing the importance of designing digital financial services (DFS) with a gender lens and closing the digital divide, including through digital literacy strengthening. For example, in the session Perspectives on Financial Inclusion for Women’s Empowerment & Climate Transition the panelists discussed the opportunities and challenges of DFS in the context of climate change and cited the benefits of savings groups digitally linked to formal finance.

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By Paul Damocha & Anna Ferracuti
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Overcoming Distance When Digitizing Informal Savings Groups

This article shares key findings from qualitative research conducted by UNCDF Tanzania and CARE International on the digital financial services (DFS) that are most appropriate for informal savings groups. The authors outline two key findings. First, while mobile money is appropriate for individual accounts, there are difficulties around the validation of group accounts. Also, agent […]