When Mohammed Yunus developed his model for microfinance in Bangladesh, he recognized the benefits of focusing financial empowerment and opportunity on women in the population that he was helping. I’m hoping to capture here and in subsequent posts some points of interest and fact on the ways that enabling women can significantly multiply the benefits of social entrepreneurship.
- Women represent 70% of those living on less than $2 a day.
- Women suffer inequitably from the chronic effects of poor nutrition, insufficient healthcare and limited educational opportunity.
- Women do 66% of the world’s work and receive only 10% of the pay.
- Women spend 90% of their income on their families, while men typically spend only 35%.
- Nearly 2.5 billion people live on less than $2 a day, and in 2012, women represent 70% of this number
- Women who contribute to family finances have greater decision-making power, resulting in better nutrition, health and education for their children. When family needs are met, women are more likely to invest in their communities.
- On average, women in developing countries walk 3.7 miles a day for water. (http://blockbuster.water.org/?p=355)
- Women are owners of just one-hundredth of the world’s property, yet they make up the majority of farm laborers. (http://www.un.org/esa/socdev/social/meetings/egm10/documents/Nandal paper.pdf)
- Two-thirds of the world’s illiterate people are women.