How Better Gender Data Leads to Women's Financial Inclusion Every year, billions of dollars are lost to women who lack access to capital and banking services. For a long time, women in the global economy were excluded from access to financial services. They had fewer bank accounts and worse access to credit. Across the globe, women suffer from low levels of financial literacy, and despite their financial capabilities and contribution to the economy, they are often left out of decision-making and finance flow. As women began to join the workforce at higher rates, a diversity of thought on how best to approach financial inclusion started to emerge. There was an emerging consensus that this situation would need to be addressed if women and more broadly underserved groups are to share fully in the benefits of globalization. To address this issue, let’s have a look at how better gender data leads to women's financial inclusion.
USE GENDER DATA AS A TOOL TO SHAPE POLICY AND REGULATION By collecting and analyzing sex-disaggregated data, organizations can enhance the effectiveness of national-level policies and regulations for financial inclusion. Organizations that implement financial inclusion programs need gender data to design, monitor and evaluate interventions that support women's financial inclusion. The use of gender data can help clarify an intervention's objectives, diagnose a problem, and establish a baseline for women's financial inclusion. Furthermore, data helps organizations set key targets, define implementation activities, and develop success indicators.
TAILORING FINANCIAL PRODUCTS AND SERVICES BASED ON GENDER DATA