From the CEO:
As Ladies’s World Banking expands its attain globally, one fixed stays: ladies place nice worth on—certainly they aspire to—having a secure place to save lots of, a mortgage of their personal identify and insurance coverage as monetary safety in a well being emergency. As one lady in Malawi so eloquently advised us once we requested her how she would really feel about having a financial savings account, “That might make us really feel very proud and our lives can be very completely satisfied each day.”
In 2013, the ultimate 12 months of our three-year Strategic Plan, we introduced this sense of delight to extra ladies everywhere in the world. Within the final three years we have now accomplished 27 analysis research on the lives of low-income ladies; reached 1.2 million shoppers in 24 monetary establishments with new merchandise; and educated greater than 200 leaders of monetary establishments. We’re happy for instance the impression behind these
numbers all through the pages of this report.
2013 introduced new alternatives to develop our work on an unprecedented scale in Africa the place an increasing number of business banks are recognizing what Ladies’s World Banking has at all times identified—the large 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 modern merchandise to international scale in 2013. Ladies’s World Banking has lengthy believed within the potential of microinsurance to offer a worthwhile enterprise alternative for monetary establishments in addition to a crucial security web 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 ladies and boys with an introduction to monetary training and to the ability of a financial savings account.
In fact these merchandise can’t be sustainable with out two important elements, each areas the place Ladies’s World Banking confirmed progress in 2013: monetary training 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 impression of our work in 2013. However we consider that lady in Malawi each day—each lady deserves the monetary services that can carry her safety, prosperity and dignity. Within the subsequent 5 years, we’ll present 5 million extra shoppers with these precious monetary instruments. Please be part of us on this journey.
Mary Ellen Iskenderian
President and CEODownload the English Model