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Financial Inclusion Powered by Data

Simplifying credit access for women entrepreneurs

Account Aggregators can simplify credit linkage for women entrepreneurs by reducing the loan application process from 3-4 days to 10-20 minutes. Female entrepreneurship is a powerful driver for economic empowerment and sustainable livelihoods for millions of women entrepreneurs in Low and Middle-Income Countries (LMICs). However, financial exclusion is a significant barrier for women entrepreneurs seeking money to start, operate, and expand their firms. In LMICs, women entrepreneurs face a credit gap of $1.7 trillion to fulfill their business needs. Additionally, women in many LMICs face unfair loan terms like higher interest rates and smaller loan sizes. This is often because they lack land or property for traditional collateral required by banks.

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Prerit Shukla is a Knowledge Associate at the Digital Platforms Practice Area of the Sattva Knowledge Institute. He is currently exploring the last-mile impact of digital public goods across sectors such as livelihoods and financial inclusion.
Abhishek Modi is a Senior Practice Manager at the Digital Platforms Practice Area of the Sattva Knowledge Institute. He has more than eight years of experience in the social sector across the diverse domains of education, health, livelihoods, and technology.

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