A non-profit organisation, Women’s World Banking, has announced the launch of its Digital Credit Activation Toolkit.
A statement by WWB said the launch was held at an event in Lagos, which brought together industry leaders, policymakers, and advocates for financial inclusion.
According to WWB, the toolkit is designed to empower financial institutions to enhance their digital credit offerings, with a specific focus on driving financial inclusion for low-income women.
The Digital Credit Activation Toolkit results from extensive research, collaboration, and expertise from Women’s World Banking and its partners, the statement added.
It noted that the toolkits provided financial institutions with a strategic framework to create digital credit solutions tailored to the unique needs of low-income women.
Addressing gender biases and incorporating women-centric design principles, the toolkit aims to bridge the financial gender gap and create more inclusive financial ecosystems, especially for Nigeria’s unserved or underserved women of about 75 per cent.
Speaking at the event, which featured discussions on the importance of digital credit solutions in advancing women’s financial empowerment and bridging the gender gap in the financial sector, the Regional Head for Africa at Women’s World Banking, Ade Ashaye, described the toolkit as a milestone in the organisation’s ongoing commitment to promoting financial inclusion.
She said, “This toolkit equips financial institutions with the knowledge and tools to develop digital credit solutions that are not only accessible but also responsive to the needs of low-income women.”
The toolkit comprises three key phases: Assess, Adapt, and Roll Out. Each phase provides actionable insights and guidelines to financial institutions looking to enhance their digital credit offerings.
The Director of Advisory Services for Africa at Women’s World Banking, Angela Wambugu stated, “The toolkit is a comprehensive guide to leveraging digital channels to enhance women’s access to credit. By embracing digitisation, we aim to empower more women, bridging the gap between traditional banking and the unique needs of women.”
