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Financial Inclusion and Gender Inequality in sub-Saharan Africa

Tendai Zawaira (), Matthew Clance, Carolyn Chisadza and Rangan Gupta
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Tendai Zawaira: Department of Economics, University of Pretoria, Hatfield 0028, South Africa

No 202167, Working Papers from University of Pretoria, Department of Economics

Abstract: This study analyses the association between financial inclusion and gender inequality in sub-Saharan Africa. Our findings suggest that generally, most individuals in sub-Saharan Africa rely on informal sources of finance, such as savings at a savings club and borrowing from family and friends compared to formal financial sources. Moreover, women are more likely to turn to the informal sources compared to men which is a concern that needs to be addressed at policy level. Improving access to finance is at the center of improving gender equality and increasing the economic freedoms and opportunities that women have to contribute to their families and societies.

Keywords: Gender; Financial development; Financial inclusion; Africa (search for similar items in EconPapers)
JEL-codes: J16 O11 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2021-10
New Economics Papers: this item is included in nep-ban, nep-cfn, nep-cwa, nep-fdg, nep-fle, nep-iue and nep-pay
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