About Friends of women's world banking
Friends of Women's World Banking: Empowering Women through Financial Inclusion
Friends of Women's World Banking (FWWB) is a non-profit organization that aims to empower women from low-income households by providing them with access to financial services. The organization was founded on the belief that every woman, regardless of her socio-economic background, deserves the opportunity to achieve financial independence and security.
At the core of FWWB's vision are millions of women who have been excluded from traditional banking systems due to their lack of collateral or credit history. These women often rely on informal lending networks or moneylenders who charge exorbitant interest rates, trapping them in a cycle of debt and poverty.
FWWB seeks to break this cycle by partnering with microfinance institutions (MFIs) and other organizations that provide financial services tailored specifically for women. By providing these institutions with technical assistance, training, and funding support, FWWB helps them expand their reach and improve their services.
One key area where FWWB has made significant strides is in promoting digital financial inclusion for women. Through partnerships with mobile network operators and fintech companies, FWWB has helped develop innovative solutions such as mobile banking apps and digital payment platforms that make it easier for women to access financial services remotely.
In addition to its work in promoting financial inclusion, FWWB also advocates for policies that support gender equality and economic empowerment for women. The organization conducts research on issues such as gender-based violence, unpaid care work, and discriminatory laws that limit women's economic opportunities.
Overall, Friends of Women's World Banking is a trailblazer in the field of inclusive finance. Its commitment to empowering marginalized communities through innovative solutions has earned it recognition as one of the leading organizations working towards achieving Sustainable Development Goal 5: Gender Equality.