Commitment to Action

Girls, Women & the Global Goals: Banking the Unbanked

Commitment by

CARE

In 2016, CARE committed to providing 500,000 women access to formal financial services in Africa and Asia by 2020. Presently, 1.1 billion women lack access to financial services, while many have access only to the informal financial sector. Given this deficit, CARE will widen women’s access to formal financial services through strengthening its Village Savings Loan Association (VSLA) network, identifying mature VSLA communities, leveraging its relationships with banks and mobile network operators (MNOs), and developing culturally responsive digital products, where possible. Commencing in East Africa—where CARE has a large existing network—the commitment will expand to Western and Southern Africa and Asia from 2016 – 2020. Looking ahead, this commitment will contribute to CARE’s broader global strategy to provide 30 million women access to formal financial services by 2020.

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Overview
Summary

Commitment

Girls, Women & the Global Goals: Banking the Unbanked

Launched

2016

Est. Duration

4 years

Estimated Total Value

$8,000,000

Region

Asia, Africa

Countries

BANGLADESH, BURUNDI, CAMBODIA, COTE D'IVOIRE, ETHIOPIA, GHANA, INDIA, KENYA, NIGER, RWANDA

Commitment by

CARE