The African Development Bank (AfDB) has approved two grants for research that will increase African women’s access to a range of digital financial services, including loans and micro-insurance.
The grants, ONE MILLION DOLLARS AND THREE HUNDRED THOUSANDS DOLLAR, will be disbursed through the Africa Digital Financial Inclusion Facility, a blended finance vehicle supported by AfDB, to two financial technology firms, Pula Advisors Kenya Limited., and M-KOPA Kenya Limited.
Pula Advisors will use the ONE MILLION DOLLARS for research of social, cultural and economic factors that impact women farmers’ access to micro insurance in Kenya, Nigeria and Zambia. Research will inform the design and implementation of gender-centric insurance products. The project will be undertaken over three years.