POVERTY GLOBAL POVERTY
The types of financial services that low-income women are able to access have also changed. In 1995, we were still promoting the idea that low-income women entrepreneurs were optimal loan clients. Today, financial institutions are offering savings, microinsurance, digital financial services to rural families, women who work in factories, and women who run larger businesses.
As small business owners in the Philippines, these women often do not qualify for traditional loans and other commercial banking services. They look to nonprofit financial institutions like Negros Women for Tomorrow Foundation (NWTF) for financial services that are specifically designed to help them build their businesses.
A woman who has a bank account can take care of herself and her family and change her future. By giving women equal access to loans, savings accounts and insurance, they are better able to invest in their future and their family's future. So how can banks be convinced to serve low-income women? Here are five women, accessing five different financial tools specifically designed for their needs. Each woman is showing us why we should bank on her.
Do you have info to share with HuffPost reporters? Here’s how.