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Showing posts from November, 2023

Fintech and MAPs Join Forces in Inclusive Finance!

Now, let us talk about Fintech and MAPs in financial inclusion. The role that Fintech has played toward financial inclusion has been that of a game-changer, more so in accomplishing the objectives of microenterprise accelerator programs. In improving access to financial services, surmounting traditional barriers, and enabling economic empowerment for various entrepreneur participants of such micro-accelerators, the contribution of Fintech innovations is very rudimentary. Here is a quick outline of how Fintech and micro-accelerator programs intersect to further financial incorporation: 1. Better access to finance: Fintech innovations in mobile banking, digital wallets, and/or peer-to-peer lending platforms have drastically improved access to finance amongst underserved groups and segments. It eases access to financial services, banking, and credit facilities through this tech, even the opening of savings accounts for participants of the micro-accelerator program. This empowers them in e

A gender-lens approach to economic development: Ensuring that no woman is left behind

It is an economic development truism: When given a chance, women can do more than just improve their lot in life; they can put their communities and economy squarely on their feet. However, the bridging of gaps in gender parity and rising toward the challenge of inclusive economic growth would not be serviced by mere reminders of the fact. It would require a model that combines conscious efforts toward closing gaps, breaking barriers, and creating an enabling environment for the fulfillment of all women—the gender-lens approach. The Gender Divide in Economic Development Women have, as a course of history, systemically been constrained in access to resources, economic opportunities, and positions of authority. It has meant a reduced potential contribution toward economic growth through such differences in education, financial inclusion, market reach, and property rights. Broad gender gap, therefore, not only hurting individual growth but that of the whole society. Approach Toward Unders

Investing in Women-led Businesses: A Wise Economic Decision with Far-reaching Benefits

Among the very foundational transforming arenas has been the clarion call to gender equality and empowerment of women—that which reverberates in all walks of service in society, business, and entrepreneurship. Therefore, investment in businesses led by women is a requirement; with maximum benefits accruing towards a more inclusive and prosperous future for all, this makes the case not just a moral imperative but also a quite strategic and astute economic decision. Empowering Women Entrepreneurs: A Transformative Investment Women entrepreneurs have continued to break the glass in disparate industries, fighting an uphill battle. Access to finance and resources broadly remains at the bottom of all problems. It's not about equality when investing in women-led businesses but rather tapping into a huge pool of extraordinary potential yield. Why would any person invest in a women-led venture? Diverse Views and Innovation: Women can provide diverse views to any organization and innovative