Solutions Panorama

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Saving at the Local Level: Village Savings and Loan Associations Featuring: CARE; Promundo Where: Ghana, Malawi, Rwanda, and Uganda Time Frame: 1991 - Present DESCRIPTION The need for comprehensive, well-tailored financial services for women starts at the local level. One innovative model that is well suited to local women is a Village Savings and Loan Association (VSLA), a group of people who save together and take small loans from those savings. Care’s Village Savings and Loan Association initiative in Niger targets women living in poor, often rural communities with little or no access to financial institutions. After years of engaging in weekly savings and loans meetings and gaining financial literacy and confidence, the savings initiative has started to integrate more formal institutional engagement, such as official bank accounts and credit. In Rwanda, the gender justice organization Promundo has worked in partnership with CARE to make women’s use of existing VSLAs more successful by engaging men in discussion groups. Men’s participation in these groups helped them to better accept their wives’ participation in the initiatives, support their goal of economic empowerment, and share more in household duties. The discussion-centered sessions encouraged the men to reflect on rigid gender norms, examine their personal attitudes and beliefs, and question traditional ideas about household decision-making and division of labor, childcare, and sharing household tasks. A randomized evaluation found that the savings of women in the associations grew by US$14, a 34% increase. IMPACT From 2008-2012, the research and policy non-profit Innovations for Poverty Action (IPA) conducted a randomized evaluation of the Village Savings and Loan Associations in Ghana, Malawi, and Uganda, and found that the savings of women in the associations grew by US$14, a 34 percent increase relative to the comparison group. Households also accessed more credit for a variety of investment purposes, including for agriculture, health, and education; women’s decision making power in the households improved; women were significantly more likely to own a business; and women were more likely to take out a loan for commerce. The Village Savings and Loan Association model has demonstrated consistent positive results increasing women’s access to financial tools and income, as well as improving individual and household welfare, such as nutrition, access to health services, and quality of housing. As a result, both women and men were happier and more economically successful. LEARN MORE “Impact Assessment of Savings Groups,” Innovations for Poverty Action “The Evidence-Based Story of Savings Groups: A Synthesis of Seven Randomized Control Trials,” Megan Gash and Kathleen Odell “Engendering Men: A Collaborative Review of Evidence on Men and Boys in Social Change and Gender Equality,” Jerker Edström, et al. “Journeys of Transformation: A Training Manual for Engaging Men as Allies in Women’s Economic Empowerment,” CARE International – Rwanda and Promundo-US About VSL Associates; vsla.net Source: Boost Women’s Economic Empowerment policy brief 73 WOMEN DELIVER 2016 CONFERENCE: SOLUTIONS PANORAMA
A Loan Facility Tailored to Women- Owned Enterprises Featuring: International Finance Corporation; Goldman Sachs Where: Global Time Frame: 2014 - Present DESCRIPTION Financial inclusion is key to developing a vibrant community of women entrepreneurs and women-owned businesses, which in turn can provide jobs. The success of such financial inclusion ventures requires an approach that opens access to funds while building women’s financial literacy and management capacity. Goldman Sachs and the International Finance Corporation, a member of the World Bank Group, created the first-ever loan facility for women-owned small-and-medium enterprises, enabling 100,000 women around the world to access capital. Backed by US$600 million, the Women Entrepreneurs Opportunity Facility supports financial institutions and local banks in emerging markets by providing lines of credit, sharing risk, and strengthening their capacity to target and reach women entrepreneurs. Capacity building support addresses the barriers to both the banks deploying capital and the women entrepreneurs accessing it. The Facility helps banks figure out what they need from a financial perspective to expand their lending to female small business owners. Goldman Sachs’ dollars not only limit the risks for banks, but also provide training for the loan officers and help the banks assess the marketplace so they understand the opportunity. The loan facility works by raising capital; making loans to banks; helping banks serve women entrepreneurs by navigating challenges such as collateral requirements, weak property rights, and discriminatory laws, regulations, and customs; and enabling women entrepreneurs to grow their business by offering market rates and simplifying the loan application process through training. The first-ever loan facility for women-owned small-and-medium enterprises has enabled 100,000 women around the world to access capital. REACH The Women Entrepreneurs Opportunity Facility has catalyzed new investments and provided more than 30,000 women in 17 countries with access to capital. LEARN MORE About the 10,000 Women Initiative; goldmansachs.com “Banking on Women Bonds,” International Finance Corporation About The Women Entrepreneurs Opportunity Facility; goldmansachs.com More on The Women Entrepreneurs Opportunity Facility; fortune.com Source: Boost Women’s Economic Empowerment policy brief WOMEN DELIVER 2016 CONFERENCE: SOLUTIONS PANORAMA 74
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Solutions Panorama Ideas that Deliv
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Solutions Panorama Foreword by Katj
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Solutions Panorama Introduction Cre
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Table of Contents Improving Materna
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Improving Maternal and Newborn Heal
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HOW DOES IT WORK? The full Essentia
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Boosting Midwifery Programs in Camb
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Photo by Accenture IMPACT By the en
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and feeding, with a focus on nutrit
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Combating Malnutrition Among Garmen
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Providing Birth Attendants with Hea
Page 23 and 24: Linking Financial Resources and Mic
Page 25 and 26: Over the past six to eight years, e
Page 27 and 28: Meeting the Demand for Modern Contr
Page 29 and 30: places with low rates of prenatal c
Page 31 and 32: A Multi-Pronged Sexual and Reproduc
Page 33 and 34: Mobile Phone Counseling to Prevent
Page 35 and 36: Respecting, Protecting, and Fulfill
Page 37 and 38: Sexual and Reproductive Health Curr
Page 39 and 40: Link Up has built a cadre of over 1
Page 41 and 42: Young Men Promoting Healthy Sexual
Page 43 and 44: Ensuring Access to Comprehensive He
Page 45 and 46: HOW DOES IT WORK? The program initi
Page 47 and 48: IMPACT More than 5,000 healthcare p
Page 49 and 50: Maximizing Healthcare Provider Perf
Page 51 and 52: Photo by Irina Werning/Oxfam Extern
Page 53 and 54: Dramatically Reducing Gender-Based
Page 55 and 56: IMPACT Two years after completing t
Page 57 and 58: IMPACT More than 7,200 communities
Page 59 and 60: Supporting Young Advocates against
Page 61 and 62: Ensuring Equitable and Quality Educ
Page 63 and 64: Country-Wide Strategies to End Chil
Page 65 and 66: 3,000 girls and women were trained
Page 67 and 68: IMPACT Examples of impactful initia
Page 69 and 70: Boosting Women’s Economic Empower
Page 71 and 72: IMPACT The improved legal status of
Page 73: Investing in Women- Owned Enterpris
Page 77 and 78: Increasing Web Access for Visually
Page 79 and 80: Enhancing Women’s Economic Partic
Page 81 and 82: Strengthening Women’s Political P
Page 83 and 84: IMPACT: INDIA AS A CASE STUDY World
Page 85 and 86: Women at the Indonesian Peace Table
Page 87 and 88: Following the first round of traini
Page 89 and 90: Accelerating Access to Resources
Page 91 and 92: Combating Open Defecation with Comm
Page 93 and 94: HOW DOES IT WORK? The project train
Page 95 and 96: Better Managing Shared Natural Reso
Page 97 and 98: IMPACT Women received extensive tra
Page 99 and 100: Investing in Women to Tackle Climat
Page 101 and 102: Tree Nursery: A Profitable, Eco- Fr
Page 103 and 104: Improving Food Security by Providin
Page 105 and 106: More than 100 context-specific agri
Page 107 and 108: Improving Data and Accountability f
Page 109 and 110: IMPACT The Community Score Card ini
Page 111 and 112: Improving Accountability by Engagin
Page 113 and 114: IMPACT The Treatment Action Campaig
Page 115 and 116: HOW DOES IT WORK? Strengthening the
Page 117 and 118: Building Sustainable Financing and
Page 119 and 120: HOW DOES IT WORK? The Ouagadougou P
Page 121 and 122: Monetary Incentives to Keep Girls i
Page 123 and 124: Partnering to Increase Access to Mi
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Gender-responsive budgeting has imp
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Inspiration Bank Every world-changi
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Address HIV Risks Among Adolescents
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Setting up Cross-Sectoral Initiativ
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Use Radio to Protect Adolescent and
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Incorporate Gender Sensitivity into
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What is Deliver for Good? The Deliv
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WOMEN DELIVER 2016 CONFERENCE: SOLU
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