Being a girl in many parts of the world even in the 21st century is not easy. Many girls in the developing world leave secondary school before completion. Even if they complete school, their opportunities for economic independence are minimal, with options typically limited to working in the informal economy or marrying at an early age. 

• Read more

In an industry best known for lending small amounts to the working poor, emerging models in microfinance are reaching more clients with customized products and services through new channels. Women’s World Banking (WWB) and its network member XacBank are innovating in each of these areas to launch a savings and financial education program for girls in Mongolia. Anjali Banthia and Benjamin Shell from WWB provide a snapshot of how their project is pushing the industry in unexpected directions.

• Read more

Coverage on network member XacBank and its products plus the initiative with Nike Foundation.

In its thirty years of working with women entrepreneurs, WWB has proven that having access to safe, flexible and confidential savings products has significant empowerment potential. WWB believes that the effect will be the same for a group not traditionally involved in the financial sector: young women between the ages of 7 and 24.

• Read more