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MFC Annual Conference Post-Crisis Microfinance: What is the Responsible Way Forward? May 26-28, 2010, Astana, Kazahstan. GULNURA MURATOVA Executive Director JSC MCC “Microfinance” AMFI Board member Kyrgyzstan. Fostering gender equality – meeting the microfinance challenge.
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MFC Annual Conference Post-Crisis Microfinance:What is the Responsible Way Forward? May 26-28, 2010, Astana, Kazahstan GULNURA MURATOVA Executive Director JSC MCC “Microfinance” AMFI Board member Kyrgyzstan Fostering gender equality – meeting the microfinance challenge
MFC Annual Conference Post-Crisis Microfinance:What is the Responsible Way Forward? May 26-28, 2010, Astana, Kazahstan GULNURA MURATOVA Executive Director JSC MCC “Microfinance” AMFI Board member Kyrgyzstan Fostering gender equality – meeting the microfinance challenge
Fostering Gender Equality – 2010 Gender Equality Meeting the Microfinance Challenge 1997
“It is impossible to realize our goals while discriminating against half the human race”KOFI ANNANFormer Secretary General of the United Nations
Member of the Credit Union Women comprise at least half the population in rural areas Kyrgyzstan
GENDER MAINSTREAMING IN MICROFINANCE Submitted statistical information of CUs • members of CU 22.668 women: 12.781 (56,4%) man: 9.877 • borrowers15.783 women: 9.196 (60%) man6.589
GENDER MAINSTREAMING IN MICROFINANCE Submitted statistical information of CUs • Chairman: women: 100 man: 120 • Credit Portfolio: 18,9 Mio USD women: 9, 7 Mio USD (52%) man9,1 Mio USD
GENDER MAINSTREAMING IN MICROFINANCE AMFI statistical information Members of AMFI 29 Submitted information 25 Borrowers 303 323 women: 208 969 (68,9%) man: 94 354 Credit Portfolio: 164 Mio USD women: more than 60%
Why is it important to target women with microfinance and enterprise development projects? First, global experience shows that women have an outstanding record in paying back microloans. Second, the impact on poverty reduction is higher by targeting women. Finally, many women are natural entrepreneurs since they are the managers of the most common budget on earth—the family budget.
Why is it important to target women with microfinance and enterprise development projects? Women continue to be responsible for more than 90 percent of domestic and childcare responsibilities. Their enterprises are also less productive because they have less experience and less training in running a business. On the other hand, they invest less of their profits in micro enterprises and instead invest it in their children and/or their families.
Why is it important to target women with microfinance and enterprise development projects? Microfinance institutions must not be content with reaching women only. Institutions must understand how women approach their work, how they manage their micro enterprises and how they spend their increased income. They must also play a role in changing perceptions and understanding why empowering women leads to a stronger society and a stronger country.
SUCCESS STORY TRAINING BUSINESS
SUCCESS STORY TRAINING BUSINESS
GULNURA MURATOVA Executive Director JSC Microcredit Company “MICROFINANCE” / AMFI BOARD MEMBER -------------------------------------------------------------------- 101/1 Manas avenue 720033, Bishkek Kyrgyzstan Tel: +996 312 694178 (77) email: g.muratova@microfinance-mcc.com THANK YOU FOR YOUR ATTENTION!