Gender Equity

Around the world women are disproportionately impacted by the COVID financial crisis. Worse, women who are poor and marginalized face a higher risk of COVID-19 transmission, loss of livelihood, and increased violence. As a result of the pandemic, more women are being pushed into extreme poverty than men.

Women tend to earn less, have smaller savings, and make up the majority of single-parent households. In addition, women are more represented in the informal economy, have less access to social protections, are more likely to perform unpaid care and domestic work, and have been dropping out of the labor force at unprecedented levels.

There is an opportunity to leverage technology to help put women on a path to financial security and resilience, such as helping women establish a digital footprint and helping women gain access to safe and affordable lending.