Formal financial inclusion remains a significant challenge in Nigeria, particularly for women in the informal economy. Barriers such as patriarchy, long distances to financial institutions, low literacy levels, legal restrictions on property ownership, and limited decision-making power have left 98% of women excluded from formal credit markets . However, ActionAid Nigeria (AAN) has successfully implemented a activities to financially empower vulnerable women within their communities. Through the Women’s Voice and Leadership (WVL) Nigeria Project, funded by Global Affairs Canada, AAN and its partners have deployed the Village Savings and Loans Association (VSLA) model, transforming the financial landscape for women in rural areas.
This publication outlines the engagement and financial activities of women in various community-based savings and loan groups across five states that benefitted from the WVL Project. It highlights the contextual differences in the scale and impact of these initiatives.
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Bridging the Gender Gap in Financial Inclusion (10 downloads)
