From the CEO:
As Girls’s World Banking expands its attain globally, one fixed stays: ladies place nice worth on—certainly they aspire to—having a secure place to avoid wasting, a mortgage of their personal identify and insurance coverage as monetary safety in a well being emergency. As one girl in Malawi so eloquently advised us after we requested her how she would really feel about having a financial savings account, “That may make us really feel very proud and our lives could be very pleased on daily basis.”
In 2013, the ultimate yr of our three-year Strategic Plan, we introduced this sense of delight to extra ladies everywhere in the world. Within the final three years now we have accomplished 27 analysis research on the lives of low-income ladies; reached 1.2 million purchasers in 24 monetary establishments with new merchandise; and skilled greater than 200 leaders of economic establishments. We’re happy as an example the influence behind these
numbers all through the pages of this report.
2013 introduced new alternatives to broaden our work on an unprecedented scale in Africa the place increasingly business banks are recognizing what Girls’s World Banking has all the time identified—the super market alternative in serving low-income ladies. We developed
a financial savings product with Diamond Financial institution, one of many largest business banks in Nigeria and commenced new relationships with business banks in Malawi and Tanzania.
Persevering with this theme of progress, we introduced a number of progressive merchandise to world scale in 2013. Girls’s World Banking has lengthy believed within the potential of microinsurance to supply a worthwhile enterprise alternative for monetary establishments in addition to a crucial security internet for low-income households in disaster. Our profitable Caregiver microinsurance product, first launched in Jordan, is increasing to Peru, Uganda, Morocco, and Mexico. Equally, youth financial savings, first launched in Mongolia and the Dominican Republic, has now expanded to India, Nigeria and Ethiopia, offering women and boys with an introduction to monetary schooling and to the facility of a financial savings account.
After all these merchandise can’t be sustainable with out two important elements, each areas the place Girls’s World Banking confirmed progress in 2013: monetary schooling so ladies can perceive the merchandise they are utilizing and powerful management within the monetary establishment to drive innovation to serve the ladies’s market.
We’re happy with the constructive influence of our work in 2013. However we consider that girl in Malawi on daily basis—each girl deserves the monetary services that can deliver her safety, prosperity and dignity. Within the subsequent 5 years, we’ll present 5 million extra purchasers with these invaluable monetary instruments. Please be part of us on this journey.
Mary Ellen Iskenderian
President and CEODownload the English Model
