Deconstructing Findex
Insights Into Our Priority Markets

Our Six Priority Markets

Women’s World Banking conducted first-of-its-kind analysis of the World Bank Global Findex survey data in order to highlight the extent of the gender disparity in financial inclusion. The analysis, displayed visually, uses microdata from six important markets chosen for their size and importance in financial inclusion terms, their gender gap in access to financial services, and financial inclusion’s potential impact. These six countries are also Women’s World Banking’s priority markets. The dataset was collected in 2011, 2014, and 2017 through nationally representative samples of 150K+ people in more than 140 countries.

We include the following indicators:

% OF ADULTS WITH
  • an active financial account
    Has an account with a financial institution and has deposited and/or withdrawn money from that account in the past 12 months
  • an inactive financial account
    Has an account with a financial institution and has not deposited and/or withdrawn money from that account in the past 12 months
  • no financial account
    Does not have an account with a financial institution

Within each of the categories of adults referring to holding a financial account we looked at:

% OF ADULTS WITH
  • without a loan
    Did not, by themselves or together with someone else, borrow any money in the last 12 months
  • with a formal loan
    By themselves or together with someone else, borrowed money in the last 12 months from a bank or another type of formal financial institution
  • with an informal loan
    By themselves or together with someone else, borrowed money in the last 12 months from family, relatives, friends or an informal savings group/club

We further looked at:

% OF ADULTS WITH
  • owning a mobile phone
  • having a mobile money account

Financial Account
Ownership and Use

All of Women’s World Banking Tier One priority markets, except Indonesia, show a gender gap between shares of men actively using their financial accounts compared to the share of women actively using their accounts. Both men and women without access to financial accounts and who are not actively using their financial accounts make use of informal loan mechanisms. This finding illustrates that there is an important opportunity to design products that meet men and women’s needs for borrowing purposes.

Financial Account
(%)

2017
No account
Inactive
Active

Mobile Phone Ownership

Mobile phone ownership in 2017 was above 50 percent in all of Women’s World Banking’s priority markets. Bangladesh, India, Mexico, and Nigeria all show comparable shares of mobile phone ownership for women at around 60 percent. Mobile phone ownership in 2017 was above 50 percent in all of Women’s World Banking’s priority markets. Bangladesh, India, Mexico, and Nigeria all show comparable shares of mobile phone ownership for women at around 60 percent.

Mobile Phone
Ownership
(%)

2017