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Achieving Our Goals Through Partnerships

Achieving Our Goals Through Partnerships. Women’s World Banking. Mary Ellen Iskenderian. September 7,2010. Women’s World Banking: Who We Are. Women’s World Banking: Global Footprint. Bosnia-Herzegovina Egypt Jordan Morocco Tunisia Russian Federation.

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Achieving Our Goals Through Partnerships

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  1. Achieving Our Goals Through Partnerships Women’s World Banking Mary Ellen Iskenderian September 7,2010

  2. Women’s World Banking: Who We Are

  3. Women’s World Banking:Global Footprint • Bosnia-Herzegovina • Egypt • Jordan • Morocco • Tunisia • Russian Federation Europe, Middle East & North Africa Registered Stichting in The Netherlands New York: Global Office Asia • Bangladesh • India • Mongolia • Pakistan • The Philippines • Sri Lanka Central & Latin America • Bolivia • Brazil • Chile • Colombia • Dominican • Republic • Mexico • Paraguay • Peru • Benin • Burundi • Ethiopia • The Gambia • Ghana • Kenya • Nigeria • Uganda Africa

  4. Women’s World BankingMission and Impact To expand the economic assets, participation, and power of low-income women and their households by helping them access financial services, knowledge, and markets Mission • Largest network in microfinance, built over 30 years • 40 microfinance providers • 28 countries: 8 in Africa, 8 in LAC,6 in Asia, 6 in EMENA • 24+ million active clients, 80% women • $5.5 billion in outstanding loan portfolio; $2.6 billion in deposits • Average loan size of $1,200 Network

  5. Pre-Eminent Voice for Women in Microfinance:Putting it into Practice

  6. Why Focus on Women ? • Seen as a more efficient way to end poverty • Women contribute a higher percentage of their earnings to the household • Women spend more on children’s education and healthcare • Women are responsible for lifecycle risks such as elderly care, healthcare etc. Hence more focused on saving → asset creation • Seen as necessary to end poverty • Where gender inequalities constitute barriers to women’s full participation in an economy, GDP growth will be constrained • Women poorer than men • In most parts of the world, being poor is synonymous with being female • Even if a developing country is able to increase its formal job sector, women will often not be able to participate fully due to lack of skills and education. They will continue to make up the majority in the informal sector, the segment that microfinance serves

  7. TheWWB Framework

  8. Effective partnerships… • Incorporate shared goals, are mission-centric and dynamic • Broaden the way our organization thinks about solutions • Allow each partner to focus on its area of expertise • Work best when both sides are exploring new ideas • Three effective partnerships for WWB: • The WWB network • Citi • Nike Foundation

  9. Networked partners as unified problem solvers • The WWB Network itself is a web of partnerships linking 40 field-based microfinance providers to each other and to the WWB global team in New York • We learn from our network members and share that knowledge within the network and also the broader industry • Introducing products • Accessing the capital markets • Understanding the women’s market • Leadership • Peer learning through workshops and exchanges • Have a shared mission; are self-determined organizations bound by mutual accountability • Node, not a hub

  10. Citi, WWB and the evolution of microfinance • Citi and WWB • Mutually concerned with ways in which banks could enter the microfinance sector in a responsible way • Shared concerns about potential negative effects of commercialization

  11. Partnerships in product development • Nike Foundation • WWB has been helping network members evolve from credit-centric institutions to include asset building, particularly savings • The partnership presented an opportunity to expand savings to a new segment, increasing outreach in a new way • Working with two network member MFIs to design, market and deliver savings products and financial education to girls ages 7 to 24

  12. womensworldbanking.org

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