Accion launches Women-Centric Initiative to Bridge $1.7 Trillion Financing Gap

• Accion launched an initiative for female entrepreneurs
• World Bank confirms the announcement
• The initiative to bridge $1.7 trillion financing gap

As per a statement by the World Bank, an initiative has been launched by the global nonprofit organization Accion with an intent towards bridging the financing gap of $1.7 trillion. In addition, World Bank holds back female entrepreneurs in emerging markets.

Founded in 1961, Accion caters in the Financial Services industry with specialities in Impact investing, Financial Technology, Institutional Services: Marketing Tools and Strategies, Delivery Channels Market Intelligence, Microfinance Products: Credit, Housing, Insurance and what not. World Bank serves in the International Trade and Development industry with headquartered in Washington DC.

This particular initiative has been designed for providing solution for those women who are still excluded or underserved by traditional financial systems, to meet their needs while enabling them to scale their businesses, achieving financial independence.

Moreover, Accion is fostering an alliance with numerous financial institutions that includes Sajida in Bangladesh, Fidelity Bank in Ghana, SEWA (Self-Employed Women’s Association) in India, and Techreo in Mexico in order to drive huge impact.

VP of Customer Strategy and Women’s Economic Empowerment at Accion Advisory Liza Guzmán stated, “Over one billion women globally still lack access to the essential financial services that can help them build successful businesses and invest in their futures. Working with four partners – all leaders in financial inclusion in their countries – Accion will bring its deep experience helping companies provide innovative and affordable financial solutions to small businesses and hard-to-reach customers in emerging markets.”

Furthermore, The Coca-Cola Foundation president Carlos Pagoaga added, “We are building on our rich legacy of supporting women’s economic empowerment programs to provide underserved women with access to economic opportunities, which will ultimately create shared value with the goal of a better collective future, enhancing the livelihoods of women, their families, and their communities.”