Development cooperation , 03.07.2013

INT/Core funding to Women's World Banking (WWB), additional funding in 2013

Description

Women's World Banking (WWB) is an international non-governmental organization that coordinates the global network of 39 microfinance institutions (MFIs) in 27 countries. The WWB advances poor women's and their families' empowerment in developing countries, income-generating activities and inclusion by improving women's access to financial services, related information and markets and by developing financial services. The WWB develops the capacity of the MFIs and designs financial products and services to meet customers' needs in cooperation with the MFIs. The WWB's Strategic Plan (2011-2013) includes 5 key strategic priorities with which it aims at contributing to its long-term vision: 1) Identify women’s financial needs, products and services; 2) Incubate innovative products and services; 3) Codify and disseminate knowledge to financial institutions; 4) Scale by rolling out tested innovations and by strengthening capabilities that enable women-focused innovation; and 5) Prove the business case for women. The particular strength of the WWB is its focus on poor women. The WWB both recognizes the role of women as economic actors and emphasizes the importance of the women's economic empowerment for households and communities. Successful women can show an example to others. Women's empowerment also enhances gender equality. The WWB has recently gone through an independent evaluation. According to the evaluation, the WWB has extensive, broad-based positive impacts on the economic and social empowerment of women, the innovativeness, economic sustainability and product and service palette of the microfinance institutions which offer inclusive financial services particularly for women, as well as the development of the entire microfinance sector. Furthermore, the WWB has exceeded the ambitious targets in 57 percent of its own monitoring indicators. The WWB has started preparations for its new Strategic Plan (2014-2016).

More information

http://www.swwb.org/(layout.types.url.description)

Funding decision  03.07.2013

1 000 000 €

Objectives monitored by OECD's Development Assistance Committee

  • Gender equality
  • Participatory development/Good governance

Field of activity

  • Informal/semi-formal financial intermediaries 100%

Funding channel

Muu INGO

Contact

keo-20

Code for the object of funding

89891401

ID

UHA2013-001254

Modified

12.08.2013