Women Want To Save, And Saving Means Success For Microentrepreneurs (News Deeply)

“Most people assume banking services are gender neutral, and they’re just not.” That’s how Mayra Buvinic, Senior Fellow at the Center for Global Development, explains the results of a new study that looks at financial inclusion for women entrepreneurs in the developing world.

 

The study is the result of a two-year project examining how women microentrepreneurs were able to improve cash flow and grow their business when they were given access to mobile savings tools and business training.

 

Analyzing 13 separate studies from different countries worldwide, the authors found that interest in savings accounts was much higher among women than men: 63 percent of women would want to open a basic savings account, compared with only 26 percent of men.