An increase in the proportion of women accessing microfinance services by just 15% could potentially reduce gender inequality, as measured by the Gender Inequality Index, by half in the average developing nation. The finding comes from a recent study published in Applied Economics Letters that also found that cultural characteristics can influence this relationship.
Gender equality refers to the rights, responsibilities and opportunities of women and men, girls and boys. It does not imply that women and men are the same, but that the interests, needs and priorities of both women and men should be taken into consideration while recognising diversity across different populations.
For more on this story visit the following link: How Microfinance Reduces Gender Inequality In Developing Countries