Imagine for a moment, trying to make a positive economic change in your life, without access to loans, a mortgage, credit cards or bank account. According to the Development Bank of Latin America, only 49% of women in Latin America have a bank account, and a mere 10% have access to credit.[1] Nevertheless, the economic gender gap is gradually narrowing, with one of the important tools being access for women to microfinance.
The microfinance movement has historically focused on women with up to 70% of borrowers being female, and empirical ...