Top Accelerated Female-Focused Problem Statements
Problem Statement:
-
Collecting Gender dis-aggregated data of low-income women’s
financial needs and choices has been a challenge within the
banking & FinTech sectors.
Target Segment:
- Entrepreneur
Problem Statement:
- Female sellers / small entrepreneurs usually receive payments in cash.
Target Segment:
- Entrepreneur
Problem Statement:
-
Females’ are less likely to have knowledge on existing financial
services & products and lack trust/ confidence in any formal
financial planning.
Target Segment:
- Consumer
Problem Statement:
-
Women in remote/rural areas have less accessibility to formal
financial services (access points, infrastructure etc.) and even lack
of identity documentation.
Target Segment:
- Consumer
Additional Prioritized Female-Focused Problem Statements
Problem Statement:
-
Lack of small female business owners’ capacity & know-how to
expand their business & segregate between personal & business
spending (Financial & non-financial services as: funding, value chain,
marketing, taxation, complex legislative framework)
Target Segment:
- Entrepreneur
Problem Statement:
-
A high percentage of female-based businesses are informal, since they
don’t have a separate financial identity from their spouse and the needed
financial statements to have access to external sources of funds.
Target Segment:
- Entrepreneur
Problem Statement:
-
Females are more reliant on informal financial services (whether
borrowing from family & friends or saving through Gameya), since
they don’t have a collateral to ask banks for loans and due to social
norms of formal saving.
Target Segment:
- Consumer
Problem Statement:
-
Females are more likely to receive income in cash, whether being an
informal worker or receiving allowances from husbands. And more likely
to spend in cash, (given they are the highest segment in online
shopping).
Target Segment:
- Consumer
