Download or read book Enhancing Financial Inclusion Through Financial Literacy for Women in South Africa written by Thabsile Princess Ntshalintshali and published by . This book was released on 2019 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Women and Financial Education Evidence Policy Responses and Guidance written by OECD and published by OECD Publishing. This book was released on 2013-10-16 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides policy guidance to help policy makers address women's and girls' needs for financial education, and a comprehensive analysis of the current status of knowledge on gender differences in financial literacy and policy responses in terms of financial education for women and girls.
Download or read book Transforming Africa written by Dana T. Redford and published by Emerald Group Publishing. This book was released on 2022-01-26 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transforming Africa: How Savings Groups Foster Financial Inclusion, Resilience and Economic Development presents in-depth empirical research into current day savings group activities across Africa, exploring savings groups through the lens of financial inclusion and reflecting on formal finance, economic and social outcomes.
Download or read book Women and Finance in Africa written by Tinuade Adekunbi Ojo and published by Springer Nature. This book was released on with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Politics of Financial Inclusion of Women in South Africa written by Tinuade Adekunbi Ojo and published by Springer Nature. This book was released on 2023-07-01 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the assumptions, narratives, and institutions that underpin the key concepts and investigates the limits and potential of financial inclusion development strategy for gender equality. Using South Africa’s women entrepreneurs as a central case, the book interrogates the logic and politics of financial inclusion and gender equality globally and locally. It also examines conditions that explain financial inclusion and women’s empowerment concerning women-owned businesses in post-apartheid South Africa. Finally, it presents a debate on the socio-economic factors enabling and limiting women’s access to and using financial products to improve their socio-economic empowerment and the future suggestions, policies and recommendations on financial inclusion for women entrepreneurs in South Africa.
Download or read book Financial Inclusion Regulatory Practices in SADC written by Howard Chitimira and published by Taylor & Francis. This book was released on 2023-05-25 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: Against a background of calls to prioritise the improvement of financial inclusion in Africa, this book provides an analysis of current financial inclusion measures in Southern Africa. Evaluating the existing strengths and weaknesses of financial inclusion in Africa, it identifies opportunities to improve inclusive financial services and aid poverty reduction in the region. With a focus on South Africa, Namibia, Botswana, and Zimbabwe as case studies for assessing current financial inclusion in the context of particular challenges faced by unbanked and underbanked customers, who are easy targets for cybercriminals due to low levels of digital literacy, it looks into the regulation and promotion of financial inclusion in Southern Africa. The book explores financial inclusion in the context of digital transformation in the 21st century, examining the regulation and promotion of financial inclusion in the context of digital transformation, as well as the challenges related to financial inclusion. Suggesting improvements to aspects of company law, securities and financial markets in the Southern African Development Community region, the book offers a comprehensive study on the regulation and promotion of financial inclusion in the Southern African Development Community region. It will be essential reading for students and academics researching financial inclusion, international economic law and development.
Download or read book The Global Findex Database 2017 written by Asli Demirguc-Kunt and published by World Bank Publications. This book was released on 2018-04-19 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.
Download or read book Financial Inclusion for Poverty Alleviation written by Essam Yassin Mohammed and published by Routledge. This book was released on 2017-12-12 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than one billion people still live below the poverty line – most of them in South Asia and Sub-Saharan Africa. Financial inclusion is a major issue, as more than three-quarters of the numbers of poor and disadvantaged women and men do not have access to financial products and services, such as bank accounts, affordable and suitable loans, and insurance. The key objective of this book is to provide practical case studies of financial inclusion, rather than focus on academic debates such as the ideological basis of promoting microfinance. Using the recently adopted Sustainable Development Goals as an overall framing of the issues, it shows how poor and disadvantaged women and men can be bankable if the right facilitation for maximizing opportunities and addressing constraints are in place. Case studies confirm that achieving inclusive and sustainable access to financial products and services goes beyond simply enabling poor and disadvantaged women and men to have access to credit, or the ability to open a bank account. Examples from Africa, Asia and Latin America demonstrate encouraging progress in making microcredit accessible to millions of poor people. The foremost challenge, however, has been to ensure that they have access to, and usage intensity of, suitable and affordable financial products and services that meet the needs of their livelihoods as well as risks and mitigation strategies. This requires understanding that poor and disadvantaged women and men do not exist in isolation from complex and interdependent functions in the financial system, which includes a number of actors, diversified services, constraints (not just symptoms) and capacities and incentives. Overall, the book provides a rich source of examples of how building inclusive financial systems can empower the world's poor – by increasing income and employment opportunities, securing livelihoods and reducing poverty.
Download or read book Promoting Financial Inclusion for Inclusive Growth in Africa written by Chijioke Kennedy Oji and published by . This book was released on 2015 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Financial inclusion is central to economic empowerment in rural communities, as it forms the foundation for the sustainable economic development of the less privileged in society. By engaging in economic activities where goods and services are traded for cash, people become part of economic clusters. The amalgamation of economic clusters has an impact on the growth of local economic systems, resulting in sustained development. Thus, in order for sustained socio-economic development to occur, people should be encouraged to engage in more economic activities where financial transactions take place. To do this, people often need to have bank accounts at formal financial institutions. However, studies have shown that there are numerous barriers preventing especially the rural poor from entering the formal financial system. Some of these barriers include strict 'Know Your Customer' regulations, the cumbersome paperwork associated with opening banking accounts, mandatory deposits, bank charges and the distance from villages to towns, where most formal financial institutions are normally located. Considering this, many rural people may opt to use informal financial institutions, which are risky and mostly unregulated. This paper aims to highlight the importance of financial inclusion for development in rural African communities. An overview is given of financial inclusion in Africa and of the methods through which the financially excluded 'bank' their money and obtain credit. The paper also looks at selected informal remittance mechanisms used by the rural poor to transfer and receive money. In addition, the concept of financial inclusion is presented in context, looking at financial literacy as the element needed to sustain the economic effects of reducing financial exclusion in Africa. Important initiatives to increase financial literacy are highlighted and the challenges faced in increasing financial inclusion in Africa are examined. The paper concludes with policy recommendations to promote financial inclusion"--Publisher's web site.
Download or read book Financial Inclusion and Digital Transformation Regulatory Practices in Selected SADC Countries written by Howard Chitimira and published by Springer Nature. This book was released on 2023-03-28 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the regulation and promotion of financial inclusion and provides a comparative analysis of the regulation, promotion and enforcement of the relevant laws in the SADC (in particular, South Africa, Namibia, Botswana and Zimbabwe), as well as the challenges of financial inclusion. In turn, it evaluates financial inclusion in the context of specific challenges faced by unbanked and underbanked customers, who are easy targets for cyber criminals because they tend to have lower levels of digital literacy. The book presents novel discussions that identify the challenges and flaws associated with the enforcement of financial inclusion laws and related measures intended to promote financial inclusion in the SADC region. This is primarily done in order to reveal the current strengths and weaknesses of financial inclusion laws in relation to certain aspects of the companies, securities and financial markets in the region. For example, there is no common financial inclusion instrument/law that is effectively and uniformly applied throughout the SADC. This has impeded the enforcement authorities’ efforts to effectively combat financial exclusion across the region.The book is likely the most comprehensive study to date on the regulation and promotion of financial inclusion in the SADC region and fills a major gap in SADC and African legal jurisprudence. As such, it offers a valuable asset for policymakers, attorneys, bankers, securities (share) holders, and other market participants who deal with financial inclusion, as well as undergraduate and graduate students interested in the topic.
Download or read book Enhancing Financial Inclusion through Islamic Finance Volume I written by Abdelrahman Elzahi Saaid Ali and published by Springer Nature. This book was released on 2020-07-01 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, the first of two volumes, highlights the concept of financial inclusion from the Islamic perspective. An important element of the Sustainable Development Goals (SDGs), financial inclusion has been given significant prominence in reform and development agendas proposed by the United Nations and G-20. The significance of Islamic financial inclusion goes beyond improved access to finance to encompass enhanced access to savings and risk mitigation products, as well as social inclusion that allows individuals and companies to engage more actively in the real economy. It represents one of the important drivers of economic growth. Gender disparity exists within financial access and its extent varies widely across world economies. South Asia, the Middle East and North Africa have the largest gender gaps, with women in these regions being forty per cent less likely than men to have a formal account at a financial institution. Analysing how Islamic financial inclusion can empower individuals, this volume explores the contribution of Islamic microfinance in achieving SDGs and solving income and wealth inequality. Comprising a combination of empirical evidence, theory and modelling, this edited collection illustrates how to improve access to finance, making it essential reading for those researching both Islamic finance and development finance.
Download or read book Advancing Financial Inclusion for Women with Business Correspondents written by Aamir Rashid Bhat and published by . This book was released on 2023-04-03 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial inclusion refers to the availability and accessibility of financial services and products to individuals and businesses at affordable costs. Unfortunately, women have historically faced significant challenges when it comes to accessing financial services, including limited access to credit, savings accounts, and insurance. One solution that has emerged to address this issue is the use of business correspondents. Business correspondents are individuals or organizations that work as intermediaries between financial institutions and customers in underserved areas. They can help bridge the gap between financial institutions and women who may not have easy access to traditional banking services. By working with business correspondents, financial institutions can expand their reach and provide financial products and services to more women. Business correspondents can help women open bank accounts, access credit, and obtain insurance, all of which can be crucial for starting or growing a business. However, advancing financial inclusion for women with business correspondents requires more than just providing access to financial products and services. It also involves providing education and resources to help women understand how to use these services effectively. Financial literacy programs can help women understand the benefits and risks of different financial products and how to manage their finances effectively. Overall, advancing financial inclusion for women with business correspondents is an important step in promoting gender equality and economic empowerment. By providing access to financial services and education, women can better manage their finances, start and grow businesses, and improve their overall quality of life.
Download or read book Promoting and Prioritising Financial Inclusion in Southern Africa written by Howard Chitimira and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The book Promoting and Prioritising Financial Inclusion in Southern Africa: A Contemporary Law and Economics Perspective is written in the backdrop of Africa emerging as the world's second fastest developing continent, behind Asia. Africa has had annual Gross Domestic Product growth rates in excess of five percent over the last decade. Unfortunately, Africa's rapid economic expansion has not resulted in shared wealth or better living conditions for the majority of its people. Contributors to the book underline the importance of inclusive economic success in order to be socially and politically sustainable, with a specific emphasis on Southern Africa. Financial inclusion is a critical component of inclusive development, and Southern African countries, like the rest of Africa, have lagged behind other continents in this area. Fewer adults in Southern Africa have access to a formal financial institution account. According to the book, increasing access to financial services will mobilise more household savings, attract capital for investment, enlarge the class of entrepreneurs, and allow more individuals to invest in themselves and their families. Financial inclusion is required to ensure that economic growth is inclusive and sustainable. All measures that make formal financial services available, accessible and affordable to all segments of the population are referred to as financial inclusion. This necessitates paying special attention to segments of the population who have historically been excluded from the formal financial system, whether due to their income level and volatility, gender, geography, kind of activity, or degree of financial knowledge. In doing so, there is a need to tap the untapped potential of those individuals and businesses who are currently excluded from or underserved by the formal financial sector, allowing them to build capacity, strengthen their human and physical capital, engage in income-generating activities, and manage risks associated with their livelihoods."--
Download or read book Rural women and financial inclusion written by Maftei, A. and published by Food & Agriculture Org.. This book was released on 2024-03-25 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Improving the gender-responsiveness of design and delivery of rural finance interventions through innovative approaches and mechanisms is important for promoting rural women’s economic empowerment. This document highlights practical and actionable approaches from the sector in order to guide the work of practitioners engaging at country level to pursue the above objective. Part I of this Technical Guidance Note provides an overview of the main barriers and constraints that inhibit rural women’s financial inclusion. Part II offers a step-by-step approach to analysing the state of gender equality within a specific country or context, with the purpose of diagnosing potential entry points for interventions that aim to increase rural women’s financial inclusion. It then offers a summary of best practices for addressing the main barriers to rural women’s access to and use of financial services, and offers various case studies to illustrate these best practices in action. The annex contains additional guidance and tools for conducting gender-focused diagnostic assessments and analysis.
Download or read book Balancing Responsibilities Financial Literacy written by Gail Pearson and published by . This book was released on 2017 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Australia there is an obligation to promote the informed participation of financial consumers while in South Africa there is an obligation to educate consumers. The Australian obligation is concerned with the financial system as a whole while the South African obligation has generally been focused on general financial education as a tool to promote financial inclusion. There is no obligation for consumers to attain a minimum standard of literacy in credit or finance generally. Financial literacy is one among a number of strategies directed towards inducing changes in consumer behaviour. It sits between the old regulatory model which relies on disclosure of information for effective and rational decision-making and a newer regulatory model which takes into account individuals' perceptions and behavioural biases and may seek to accommodate for these by imposing obligations on financial services providers beyond the mere disclosure of information. Financial literacy is generally the ability to understand how money works, how a person can earn money or make it more. It specifically refers to the set of skills and knowledge that allows people to make informed and effective decisions with all of their financial resources. This article discusses Australian and South African legal obligations and social responsibilities aimed at promoting the financial literacy of consumers.
Download or read book Fintech and Financial Inclusion in Latin America and the Caribbean written by Mr. Dmitry Gershenson and published by International Monetary Fund. This book was released on 2021-08-20 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite some improvement since 2011, Latin America and the Caribbean continue to lag behind other regions in terms of financial inclusion. There is no clear evidence that fintech developments have supported greater financial inclusion in LAC, contrary to what has been observed elsewhere in the world. Case studies by national policy experts suggest that barriers to entry in the financial sector, along with a constraining regulatory environment, may have hindered a faster adoption of fintech. However, fintech development seems to have accelerated in the wake of the COVID-19 pandemic and with the support of recent policy initiatives.
Download or read book Financial Inclusion Financial Literacy and Economically Vulnerable Populations in the Middle East and North Africa written by Angela Lyons and published by . This book was released on 2018 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research finds many large disparities still in financial inclusion around the world. One region that is often overlooked is the Middle East and North Africa (MENA), which appears to be lagging all other developing regions when it comes to financial inclusion. We use data from the 2014 World Bank Global Findex and supplement it with indicators of financial literacy and other macroeconomic characteristics to investigate the factors that shape financial inclusion in the MENA region. We focus on those groups that have been traditionally vulnerable - women, youth, the less educated, and the poor - and in the case of MENA, the Syrian refugees. Financial inclusion is measured comprehensively in terms of both savings and borrowing behaviors. The findings show that economically vulnerable populations are significantly less likely to be financially included both in terms of savings and borrowing. Moreover, the gaps in financial inclusion are particularly large for women and youth as compared to other regions. Further, households living in MENA countries with higher levels of financial literacy are more likely to be engaged in positive savings behaviors and less likely to be borrowing, especially from informal sources. Financial literacy, however, does not relate to all individuals in the MENA region equally, especially among those populations most vulnerable. Other macro characteristics associated with a country's financial and technological infrastructure, economic development, political stability and legal rights also matter, but perhaps not as much as a country's level of financial literacy. The findings have important implications for public and private stakeholders who are working to design policies aimed at improving access to financial services in the MENA region, especially via financial literacy. Vulnerable groups in the MENA region likely require more targeted interventions that address their specific barriers to financial inclusion, as well as more targeted financial literacy initiatives that are tailored to meet their specific needs. Efforts such as these are particularly important for a region suffering from political, economic, and social conflict that makes financial inclusion an even more urgent, yet challenging, goal.
