75% of the world’s women are excluded from all forms of banking and credit. Due to their economic status women endure such violence that there are more women missing today than all the men killed in all the wars of the 20th century. It is the moral crime of our age. We all pay the price for this ‘financial apartheid’. In countries where girls are uneducated and women marginalised, chaos and fundamentalism are rife and poverty seemingly intractable. This is no coincidence.
Remarkably, when microfinance started in the developing world it was the poorest women who proved themselves to be the most reliable recipients. Furthermore, studies have shown that a woman is more likely to spend her income on nutrition, education, medicine and housing for her family. As a result, investing in women transforms whole communities.
That is why over 90% of WildHearts micro-clients are women. Their example is an inspiration to us all.
Dr. Mick Jackson,
WildHearts Founder and CEO,
EY Entrepreneur Of The Year™ 2016
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