There’s Nothing Micro a couple of Billion Girls: Making Finance Work for Girls by Mary Ellen Iskenderian explores the transformative affect of monetary inclusion

Why it takes greater than microloans to empower girls and promote sustainable, inclusive financial development.

“In her ebook, Mary Ellen Iskenderian reminds us to ask the place our financial institution finance flows and the way a lot is used for constructing unequal wealth or damaging establishments that hurt people and the pure atmosphere. How can we promote ‘nurturing finance’ that eliminates violence and inequalities and brings peace to the folks and society? Girls’s monetary inclusion, with its concentrate on the group somewhat than the person, is a part of the reply.” –Ela Bhatt, founding father of India’s Self-Employed Girls’s Affiliation (SEWA)

“Mary Ellen Iskenderian makes a persuasive case for why giving girls entry to monetary providers will rework their lives and their societies. This ebook combines inspiring tales, rigorous proof, and a long time of knowledge from engaged on monetary inclusion. An incredible learn that may make you are feeling hopeful concerning the transformative energy of finance for ladies.” –Minouche Shafik, Director, London College of Economics; writer of What We Owe Every Different

Almost one billion girls have been fully excluded from the formal monetary system. With out even a checking account in their very own names, they lack the essential providers most of us take as a right—safe methods to save cash, pay payments, and get credit score. Exclusion from the formal monetary system means they’re financial outsiders, unable to profit from, or contribute to, financial development. Microfinance has been hailed as an financial lifeline for ladies in growing international locations—however, as Mary Ellen Iskenderian exhibits on this ebook, it takes greater than microloans to empower girls and promote sustainable, inclusive financial development.

Iskenderian, who leads a nonprofit that works to offer girls entry to the monetary system, argues that the banking trade ought to view these one billion “unbanked” girls not as charity circumstances however as a enterprise alternative: a profitable new market of small enterprise homeowners, heads of households, and purchasers of monetary services and products. Iskenderian exhibits how monetary inclusion might be transformative for the lives of ladies in growing international locations, describing, amongst different issues, the casual moneylenders and financial savings golf equipment girls have relied on, the necessity for each monetary and digital literacy (and entry) as cellphones turn into a method of banking, and the significance of ladies’s property rights. She goes on to make the enterprise case for monetary inclusion, exploring the ways in which monetary establishments are adapting to assist girls construct wealth, entry capital, and handle dangers. Banks can do the proper factor—and make cash whereas doing so—and all of us can profit.

Mary Ellen Iskenderian is President and CEO of Girls’s World Banking, a worldwide nonprofit dedicated to giving extra low-income girls entry to monetary instruments and assets they want for each safety and prosperity.

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For extra info, contact:
Johanna Ramos-Boyer, JRB Communications, LLC | 703-646-5137 | johanna@jrbpr.biz
Molly Grote on the MIT Press: mgrote@mit.edu