Financial Access
Unlocking the Potential of Women-led Micro & Small Enterprises: Lessons from the IGNITE project in Pakistan, Peru, and Vietnam
Micro and small enterprises (MSEs) are the economic backbone of most economies worldwide, increasing employment and reinvesting in local communities. In emerging markets, there are 365-445 million micro, small, and medium enterprises. However, 80% of women-owned small businesses with credit needs are either unserved or underserved, representing a $1.7 trillion USD financing gap.
CARE’s Ignite program, launched in partnership with the Mastercard Center for Inclusive Growth, focused on supporting micro and small enterprises, especially those led by women, in Pakistan, Peru, and Vietnam
between 2020 and 2023.
Ignite took a market-based approach to service delivery that was sustainable and scalable by working with over 35 local partners across the three countries, 11 of which were core service delivery partners. These partnerships opened up much-needed access to financial and digital resources, while building entrepreneurs’ business capacity and networks.
Ignite set out to reach 3.9 million entrepreneurs in three years with $5.26 million USD in grant funding from Mastercard. The program exceeded initial goals, reaching more than nine million entrepreneurs, and unlocking access to $154.9 million USD in loans. More than 150,000 entrepreneurs were deeply supported with loans, critical support services, and training.
The commercial value in supporting women-led MSEs is irrefutable. Global data continues to show this and,
together with Ignite financial service provider partners, CARE has proved it. Despite this, gender bias continues to permeate throughout financial institutions the world over. CARE is calling on all financial service providers to read the proof in this report that women are better financial clients, to support the drive for 100% financial inclusion for women, and to invest in reaching this goal. Read More...
CARE’s Ignite program, launched in partnership with the Mastercard Center for Inclusive Growth, focused on supporting micro and small enterprises, especially those led by women, in Pakistan, Peru, and Vietnam
between 2020 and 2023.
Ignite took a market-based approach to service delivery that was sustainable and scalable by working with over 35 local partners across the three countries, 11 of which were core service delivery partners. These partnerships opened up much-needed access to financial and digital resources, while building entrepreneurs’ business capacity and networks.
Ignite set out to reach 3.9 million entrepreneurs in three years with $5.26 million USD in grant funding from Mastercard. The program exceeded initial goals, reaching more than nine million entrepreneurs, and unlocking access to $154.9 million USD in loans. More than 150,000 entrepreneurs were deeply supported with loans, critical support services, and training.
The commercial value in supporting women-led MSEs is irrefutable. Global data continues to show this and,
together with Ignite financial service provider partners, CARE has proved it. Despite this, gender bias continues to permeate throughout financial institutions the world over. CARE is calling on all financial service providers to read the proof in this report that women are better financial clients, to support the drive for 100% financial inclusion for women, and to invest in reaching this goal. Read More...
Proyecto Máxima Perú: Rompiendo barreras, construyendo negocios
El proyecto “Máxima: Rompiendo barreras, construyendo negocios”, es desarrollado con el apoyo de Fundación Citi y tiene como objetivo que las poblaciones refugiada y migrante venezolana, quechua hablante, amazónica y afroperuana (así como migrantes de estos tres grupos) de zonas rurales y periurbanas de Lima, Ica, Huancavelica, San Martín y otras regiones del Perú, tomen mejores decisiones financieras para optimizar sus emprendimientos y economía familiar, considerando las barreras de género y culturales. Además, busca formar y/o fortalecer liderazgos en habilidades digitales, habilidades blandas e igualdad de género.
El proyecto Máxima tiene 2 componentes:
- Programa de capacitación en educación financiera y empresarial en español y en quechua para fortalecimiento de las competencias financieras.
- Acceso a información sobre productos financieros (ahorro, crédito, seguros, billeteras digitales) a través de campañas informativas de Inclusión Financiera en español y en quechua.
A través de estas acciones, el proyecto Máxima tuvo como meta atender a 3,500 personas con diferentes perfiles emprendedores: ideas de negocio, nuevo negocio y negocios en crecimiento. Al menos el 75% serían mujeres. Read More...
El proyecto Máxima tiene 2 componentes:
- Programa de capacitación en educación financiera y empresarial en español y en quechua para fortalecimiento de las competencias financieras.
- Acceso a información sobre productos financieros (ahorro, crédito, seguros, billeteras digitales) a través de campañas informativas de Inclusión Financiera en español y en quechua.
A través de estas acciones, el proyecto Máxima tuvo como meta atender a 3,500 personas con diferentes perfiles emprendedores: ideas de negocio, nuevo negocio y negocios en crecimiento. Al menos el 75% serían mujeres. Read More...
Mid-Term Strategic Review of the Livelihoods for Resilience Activity
CARE commissioned a Mid-Term Strategic Review (MTSR) of the Livelihoods for Resilience Activity to formulate recommendations for the remaining life of the project to increase effectiveness in achieving sustainable impact. The Livelihoods for Resilience Activity is being implemented in 27 Woredas in the three regions of Tigray, Amhara, and Southern Nations, Nationalities and Peoples and is just over the midway point in its five-year life from December 5, 2016, through December 3, 2021. The purpose of the Livelihoods for Resilience Activity is to reduce food insecurity and increase resilience for 97,900 chronically food insecure households that are enrolled in the fourth cycle of the Government of Ethiopia’s Productive Safety Net Program (PSNP4), enabling them to graduate with resilience from the PSNP4.
The MTSR for the Livelihoods for Resilience Activity was a formative evaluation exercise intended to provide guidance on ways to improve the effectiveness of the program in achieving intended impact.
Relative to the four global learning questions for the MTSR (see page 4), the MTSR found that the model that the Livelihoods for Resilience Activity is implementing is effective for achieving graduation with resilience, but because frontline delivery is constrained by the number of staff, their technical capacities and the degree of supervision and support that they receive, interventions are not always going deeply enough to ensure behavioral change. The program is empowering women both economically and socially through the VESA platform, but there are significant variations between regions; and outside of the VESA, there is some evidence to suggest that women’s empowerment has not yet been well incorporated, especially in value chain participation and MFI linkages. Progress is certainly being made in transferring ideas and knowledge to PSNP counterparts, but that has not yet translated into practice mainly because of resource constraints. Key approaches that need to be added or strengthened in the coming two years include expanding frontline delivery capacities, expanding efforts to ensure that strategies and approaches are well understood by implementation staff at all levels in all partners, ensuring that women’s empowerment is included in all approaches by all partners, and looking for new ways to facilitate access to jobs, either through self-employment or wage employment, for youth from PSNP households.
The Livelihoods for Resilience Activity is already doing some very nice work in starting to achieve sustainable impact. The project has strong potential to be recognized as a “great” project if it can make some adjustments.
Read More...
The MTSR for the Livelihoods for Resilience Activity was a formative evaluation exercise intended to provide guidance on ways to improve the effectiveness of the program in achieving intended impact.
Relative to the four global learning questions for the MTSR (see page 4), the MTSR found that the model that the Livelihoods for Resilience Activity is implementing is effective for achieving graduation with resilience, but because frontline delivery is constrained by the number of staff, their technical capacities and the degree of supervision and support that they receive, interventions are not always going deeply enough to ensure behavioral change. The program is empowering women both economically and socially through the VESA platform, but there are significant variations between regions; and outside of the VESA, there is some evidence to suggest that women’s empowerment has not yet been well incorporated, especially in value chain participation and MFI linkages. Progress is certainly being made in transferring ideas and knowledge to PSNP counterparts, but that has not yet translated into practice mainly because of resource constraints. Key approaches that need to be added or strengthened in the coming two years include expanding frontline delivery capacities, expanding efforts to ensure that strategies and approaches are well understood by implementation staff at all levels in all partners, ensuring that women’s empowerment is included in all approaches by all partners, and looking for new ways to facilitate access to jobs, either through self-employment or wage employment, for youth from PSNP households.
The Livelihoods for Resilience Activity is already doing some very nice work in starting to achieve sustainable impact. The project has strong potential to be recognized as a “great” project if it can make some adjustments.
Read More...
Projet d’Ameélioration des conditions de vie et d’investissement (PACI) Evaluation finale
This 40 page document highlights the results of the PACI project funded by the Cartier Foundation Read More...
Final Evaluation Multi-stakeholder Model for Ending Gender-Based Violence Project Kayah
The “Multi-Stakeholder Model for Ending Gender-based Violence (GBV)” project in Kayah State involves collaborating with a range of stakeholders to put in place a model designed to prevent and respond to GBV in Kayah state. This new phase of the project, started in 2018, intervened in 92 villages belonging to three townships: Loikaw, Demoso and Phruso, with a total target population of 56.863. The methodology employed a mixed-methods approach, with qualitative data collection through KIIs and FGDs and quantitative data, in the form of household surveys.
The overall objectives of the end of project evaluation are:
• To determine the project’s achievements of its objectives and outcomes.
• To identify intended and unintended outcomes, best practices, lessons learned and recommendations to improve future programming in terms of sustainability. Read More...
The overall objectives of the end of project evaluation are:
• To determine the project’s achievements of its objectives and outcomes.
• To identify intended and unintended outcomes, best practices, lessons learned and recommendations to improve future programming in terms of sustainability. Read More...