985 million women in the world are financially excluded and 30% of these women are in emerging markets- Nigeria, Egypt, Mexico, Bangladesh, India and Indonesia.
According to Efina 2018 Access to Finance Survey, 36.8% of the adult population in Nigeria are financially excluded with women constituting 55.9% of this statistics. To put it in numbers, we have 20.5 million adult women in Nigeria who are financially excluded. These women have no income or unreliable income at best and it is imperative that we break this cycle by giving them access to the formal financial system.
Kudeena (my money) is our flagship programme that drives inclusive finance for low-income and forcibly displaced women in Nigeria. We are focused on onboarding these women living in underserved communities into the financial system and providing them with access to affordable financial products and services such as savings accounts, micro-insurance, micro-pension and micro-credits.
We also conduct financial literacy trainings using local content/language and tools for easy adoption by the women.