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Women in Agriculture Using Digital Financial Services

Authors: Varangis, Panos; Buchenau, Juan; Ono, Toshiaki; Sberro-Kessler, Rachel; Okumura, Asuka;

Women in Agriculture Using Digital Financial Services

Abstract

Women in rural areas, and in particular female farmers, have significantly less access to financial services than their male counterparts. Such limited access is harmful to female farmers and their families and significantly impedes their ability to grow and prosper. Female farmers tend to have limited access to formal savings and credit, which limits their ability to manage shocks and invest in seasonal inputs or in durable goods and productive assets. It is estimated that closing the gender gap in access to productive assets could lead to a 20-30 percent yield increase per household, which would benefit not only female farmers, but also their families (FAO 2011). One of the main issues that keeps financing out of the reach of female farmers is that women tend to be time constrained, which indicates the need for easy access to and convenience of financial products. Suitability, ease of use, and convenience are important determinants of access to financial services for women in agriculture. Digital financial services (DFS) have the potential to unlock financial services for women in agriculture; however, currently, significant gender gaps exist in DFS access and usage. By allowing female farmers to make financial transactions without the need to go to the branch of a financial institution, DFS can offer them a safe, private, and convenient way to save money, access loans, make and receive payments, or access insurance. However, many DFS providers see an imbalance in the uptake and usage of financial services by gender. In 2018, the World Bank provided technical assistance (TA) to three financial service providers (FSPs) to help them deliver financial services to female farmers using digital means.

Country
United States
Related Organizations
Keywords

ACCESS TO FINANCE, 330, SMALL AND MEDIUM-SIZED ENTERPRISES, FINANCIAL SERVICE DELIVERY, DIGITAL FINANCIAL SERVICES, AGRIBUSINESS, WOMEN IN AGRICULTURE, FEMALE FARMER, GENDER, SMALLHOLDER FARMERS, FEMALE ENTREPRENEURS

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Green